Sintx Technologies (NASDAQ:SINT) is experiencing a downtrend as investors anticipate details of the company’s impending public offering.

News of the proposed public offering from Sintx Technologies emerged on Friday, signaling a forthcoming move with respect to SINT shares. However, crucial specifics such as the pricing of the offering remain undisclosed as the market eagerly awaits more clarity.

Companies typically release details of proposed public offerings shortly before setting a price, indicating that a revelation could be imminent this week. Nonetheless, Sintx Technologies has cautioned that market conditions will influence the definitive action.

Examination of the SINT Stock Offering Details

Sintx Technologies has indicated that proceeds from the public offering will be channeled towards working capital and general corporate uses. Furthermore, the company has designated Maxim Group LLC as the exclusive placement agent for the proposed undertaking.

Pertinent information yet to be disclosed includes the scale of the public offering. Interested parties must await confirmation on the number of SINT shares earmarked for inclusion in the offering.

As of Monday morning, SINT stock has declined by 30.6%, with approximately 4.4 million shares swapped. This volume already surpasses its average daily trading activity of around 2.4 million shares. Additionally, it is worth noting that SINT had plummeted by 76.3% year-to-date by the close of trading on Friday.

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As of the publication date, William White had no direct or indirect positions in the securities mentioned. The viewpoints articulated in this article are those of the author and are subject to InvestorPlace.com Publishing Guidelines.

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