SINTX TECHNOLOGIES REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE LISTING REQUIREMENT
January 06 2023 - 9:00AM
SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”),
an original equipment manufacturer of advanced ceramics, today
announced that it has received notification from the NASDAQ Listing
Qualifications Staff notifying the Company that it has regained
compliance with NASDAQ's minimum bid price requirements for
continued listing on the Nasdaq Capital Market. The notification
indicated that because the closing bid price of the Company's
common stock having been at $1.00 per share or greater for at least
ten consecutive business days, from December 20, 2022 to January 4,
2023, the Company has regained compliance with Listing Rule
5550(a)(2) and the matter is now closed.
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 two 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 advanced ceramics material platforms, please
visit www.sintx.com.
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 the company will be able to maintain compliance with
Nasdaq Listing Rule 5550(a)(2). 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 25,
2022, 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.
Contact:SINTX Technologies 801.839.3502IR@sintx.com
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