SINTX Technologies slips on prelim results of rights offering

SINTX Technologies

13/10/2022 18:55

** Shares of ceramics maker SINTX Technologies Inc  SINT.O 
fall 10.5% to 15 cents 
    ** Co reports preliminary results of its rights offering;
estimates total subscriptions of nearly $4.7 mln  urn:newsml:reuters.com:*:nGNX962tZx
    ** Each right entitles holder to buy one unit, at a
subscription price of $1,000 per unit - co
    ** Expects closing of rights offering on or about Oct. 17
    ** Two brokerages covering the stock rate it "buy"; median
PT is $1.75
    ** Including session's fall, stock down 76.6% YTD
 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))