SINTX Technologies Announces Pricing Of $1.3M Public Offering Of Common Stock Of 28,400,000 Shares At $0.047/Share
Portfolio Pulse from Benzinga Newsdesk
SINTX Technologies has announced the pricing of its public offering, aiming to raise $1.3 million through the sale of 28,400,000 shares of common stock at a price of $0.047 per share.
March 25, 2024 | 1:01 pm
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SINTX Technologies announces a public offering of 28,400,000 shares at $0.047/share to raise $1.3M.
Public offerings often lead to dilution of existing shares, which can depress the stock price in the short term. Given the low offering price of $0.047 per share, this indicates a potential undervaluation or need for cash that could concern investors, likely leading to a negative impact on SINT's stock price in the short term.
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