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SINTX Technologies' stock drops 21.4% after a $5M private placement and share issuance.
SINTX Technologies, a company specializing in advanced ceramics for medical uses, saw its stock drop 21.4% to $4.28 after announcing a $5 million private placement.
The company issued 1,449,287 shares at $3.45 each, along with warrants to buy an equal number of shares at $3.32 each.
H.C. Wainwright & Co. handled the placement, and SINTX plans to use the funds for working capital.
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Las acciones de SINTX Technologies bajan un 21,4% después de una colocación privada de $5M y emisión de acciones.