SINTX Provides Strategic Update: Significant Cost Reductions, Extended Cash Runway, and Exploration of Strategic Partnerships
SiNtx Technologies, Inc. (SINT)
Company Research
Source: GlobeNewswire
Salt Lake City, Utah, Sept. 05, 2024 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”) a leading innovator in ceramic manufacturing, today announced the completion of the first series of strategic initiatives aimed at strengthening the Company’s financial position and enhancing its long-term growth prospects. As part of this comprehensive effort to optimize the company’s financials, SINTX initiated strategic measures including: raised additional capital through the sale of common stock under the Company’s current At-The-Market (ATM) offering.reduced expenses in an amount that we believe will result in an over 50% reduction in cash used in operating expenses and lowering expected future annual expenses by approximately $5.8 million.initiated discussions with its lessors, with the goal of reducing the Company’s lease obligations by the end of 2024. We believe these significant cost-saving measures will extend the Company’s cash runway well
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SINT
News
- SINTX Announces Key Executive Promotions: Ryan Bock, PhD, Named Chief Technology Officer and Ann Kutsch Promoted to President of SINTX TA&TGlobeNewswire
- Prodways and SINTX Announce Joint Webinar Stay Ahead of the Curve: “Innovations in Ceramic Manufacturing: The Role of 3D Printing”GlobeNewswire
- SINTX Announces Completion of $3.1 Million ATM Equity Public OfferingGlobeNewswire
- SINTX Receives Notice of Allowance for United States Patent Application for Silicon Nitride-Functionalized Zirconia-Toughened Alumina Ceramic BiomaterialGlobeNewswire
- Sintx Technologies Second Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
SINT
Sec Filings
- 9/26/24 - Form 8-K
- 8/13/24 - Form 10-Q
- 8/6/24 - Form 8-K
- SINT's page on the SEC website