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SINTX Technologies announced a 1-for-200 reverse stock split effective May 28, 2024, aimed at meeting Nasdaq's minimum bid requirements. The split will reduce outstanding shares from 123 million to 0.6 million while maintaining stockholder percentage interest. Existing shares will be automatically converted, and the company will start trading on a split-adjusted basis under the symbol 'SINT' from the effective date. No cash will be provided for fractional shares, which will be rounded up. The transfer agent will update stockholders' accounts accordingly.

  • The reverse stock split helps SINTX meet Nasdaq's minimum bid price requirements.
  • The move consolidates shares, reducing the total from 123 million to 0.6 million.
  • Stockholders' percentage interest in the company remains unchanged post-split.
  • Fractional shares will be rounded up, avoiding cash payments.
  • The 1-for-200 split may indicate financial struggles to meet Nasdaq requirements.
  • Existing shareholders may face reduced liquidity due to fewer shares in circulation.
  • The company's stock price could be volatile post-split.

The announcement of a 1-for-200 reverse stock split by SINTX Technologies is a significant move aimed at maintaining compliance with Nasdaq's minimum bid price requirements. A reverse stock split is a financial restructuring strategy often employed by companies to elevate their stock price by reducing the number of shares outstanding. This strategy can help avoid delisting from stock exchanges that have minimum price mandates. SINTX will shrink its shares from approximately 123 million to about 0.6 million. While this might give an impression of a healthier stock price, it doesn't change the company's market capitalization or underlying value. Investors should recognize that such actions are often a response to prolonged share price declines and may reflect underlying business struggles rather than growth. However, this can also stabilize investor confidence in the short term by allowing continued trading on a major exchange. The effectiveness of this measure in the long term will rely heavily on SINTX's operational performance and ability to generate sustainable growth.

From a market perspective, reverse stock splits can signal various intentions and outcomes. In SINTX Technologies' case, the split could be interpreted as a necessary step to remain compliant with Nasdaq's listing rules, which might suggest that the company is under some financial stress. Such moves can have mixed reactions in the market. On the positive side, it might help attract institutional investors who are restricted from buying low-priced stocks. On the downside, it may be perceived as a move of desperation, potentially leading to increased volatility in the stock price. For retail investors, it is important to monitor the company's fundamental performance post-split. If SINTX can leverage this restructuring to improve its financial health and market presence, the split could ultimately be beneficial.

SALT LAKE CITY, May 23, 2024 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) today announced that its Board of Directors has declared a 1-for-200 reverse stock split of the company’s common stock. The reverse stock split will become effective on May 28, 2024 (the “Effective Date”) at 12:01 AM Eastern Time. The company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on May 28, 2024 under the current trading symbol “SINT.”

The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market. The new CUSIP number for the Company’s shares of common stock following the reverse split will be 829392 703.

As a result of the reverse stock split, every 200 shares of the company’s common stock issued and outstanding will be automatically reclassified into one new share of common stock. Proportionate adjustments will be made to the conversion and exercise prices and the number of shares underlying the Company’s outstanding warrants, preferred stock, equity awards and the number of shares reserved under the Company’s equity incentive plan. The reverse stock split will not affect the number of authorized shares of common stock or the par value of the common stock.

The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the company, except to the extent that the reverse stock split would result in a stockholder owning a fractional share. Any fractional shares of common stock resulting from the reverse stock split will be rounded up to the nearest whole share and no stockholders will receive cash in lieu of fractional shares.

The reverse stock split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 123 million to approximately 0.6 million.

The Company’s transfer agent, Equiniti Trust Company LLC, will send each stockholder a transaction statement indicating the number of shares of common stock the stockholder holds after the reverse stock split. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker’s particular processes. Such stockholders will not be required to take any action in connection with the reverse stock split.
Additional information about the reverse stock split and stockholder approval can be found in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 16, 2024, which is available free of charge at the SEC’s website,, and at the company’s website,

About SINTX Technologies

SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical and technical applications. SINTX is a global leader in the research, development, and manufacturing of silicon nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions and alliances to enter into new markets. The Company has manufacturing facilities in Utah and Maryland.

For more information on SINTX Technologies or its silicon nitride material platform, please visit

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) that are subject to a number of risks and uncertainties. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. There can be no assurance that implementing a reverse stock split will result in the company regaining compliance with Nasdaq listing requirements or that if compliance is regained that the company will be able to maintain such compliance. A discussion of additional risks and uncertainties can be found in SINTX's Risk Factors disclosure in its Annual Report on Form 10-K, filed with the SEC on March 27, 2024, and in SINTX's other filings with the SEC. SINTX disclaims any obligation to update any forward-looking statements. SINTX undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report.

SINTX Technologies 


What is the effective date for the SINTX reverse stock split?

The SINTX reverse stock split will be effective on May 28, 2024.

What is the ratio for the SINTX reverse stock split?

The reverse stock split ratio is 1-for-200.

Why is SINTX implementing a reverse stock split?

SINTX is implementing the reverse stock split to comply with Nasdaq's minimum bid price requirements.

How will the SINTX reverse stock split affect the number of shares?

The reverse stock split will reduce the number of outstanding shares from approximately 123 million to 0.6 million.

What will happen to fractional shares after the SINTX reverse stock split?

Fractional shares will be rounded up to the nearest whole share, with no cash payments.

Will the SINTX reverse stock split change my percentage ownership?

No, the reverse stock split will not change any stockholder's percentage interest in SINTX.

Sintx Technologies, Inc.


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Surgical and Medical Instrument Manufacturing
United States of America