SINTX TECHNOLOGIES ANNOUNCES ADJOURNMENT OF ANNUAL MEETING OF STOCKHOLDERS UNTIL JULY 3, 2019
June 27 2019 - 4:00PM
SINTX Technologies, Inc. (NASDAQ: SINT) today announced that its
2019 Annual Meeting of Stockholders ("Annual Meeting"), was
adjourned with respect to Proposal 2 - Approval of Reverse Stock
Split. While Proposal 2 has exceeded 68% approval based on votes
cast to date, approval of more than 50% of all outstanding shares
of SINTX common stock as of March 6, 2019, is necessary for the
proposal to be ratified and approved. At the meeting, it was deemed
that the holders of a sufficient number of SINTX’s outstanding
common stock have not yet submitted proxies to indicate how their
shares should be voted and additional time was needed to collect
the required votes. The adjournment will allow for the solicitation
of additional votes on Proposal 2. The Annual Meeting will resume
with respect to Proposal 2 at 10:00 a.m. MDT on July 3, 2019 at the
company’s offices located at 1855 West 2100 South, Salt Lake City,
UT 84119.
The company will continue to solicit proxies
from stockholders with respect to Proposal 2 during the period of
adjournment. Only stockholders of record on the record date of
March 6, 2019 are entitled and are being requested to vote. No
further action is required by any stockholder who has submitted his
or her proxy card. The company’s Board of Directors and management
respectfully request all such holders as of the record date who
have not yet voted their shares to do so by 11:59 p.m. EDT on
Tuesday, July 2, 2019.
About SINTX Technologies
SINTX Technologies is an OEM ceramics company
that develops and commercializes silicon nitride for biomedical
applications, such as spine and dental implants. The core strength
of SINTX Technologies is the research and development of
medical-grade silicon nitride ceramics for external partners. The
Company presently manufactures silicon nitride spinal implants in
its FDA registered and ISO 13485 certified manufacturing facility
for CTL-Amedica, the exclusive retail channel for silicon nitride
spinal implants.
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. A discussion of
those risks and uncertainties can be found in SINTX's Risk Factors
disclosure in its Annual Report on Form 10-K, filed with the
Securities and Exchange Commission (SEC) on March 11, 2019, 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.
Important Information
In connection with the solicitation of proxies,
on March 25, 2019, SINTX Technologies, Inc. filed a definitive
proxy statement with the Securities and Exchange Commission (the
"SEC") in connection with the Company's 2019 Annual Meeting.
SINTX'S STOCKHOLDERS ARE STRONGLY ADVISED TO READ THE DEFINITIVE
PROXY MATERIALS AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED
BY SINTX WITH THE SEC BEFORE MAKING ANY VOTING OR INVESTMENT
DECISION BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION. The
Company's proxy statement and any other materials filed by the
Company with the SEC can be obtained free of charge at the SEC's
web site at www.sec.gov. The Company’s proxy statement, notice of
annual meeting, and annual report to shareholders are available
free of charge on our Investor Relations website at
https://ir.sintx.com/annual-shareholder-materials. All stockholders
may also write to us at the following address to request copies of
these materials: SINTX Technologies, Inc. 1885 West 2100 South Salt
Lake City, UT 84119 Attention: Corporate Secretary. The contents of
the websites referenced above are not deemed to be incorporated by
reference into the proxy statement.
For more information on SINTX Technologies or
its silicon nitride material platform, please visitwww.sintx.com.
Contact:
SINTX Technologies 801-839-3502 IR@sintx.com
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