Why SINTX Technologies Stock Is Down 50%

SINTX Technologies Inc SINT shares are trading lower by 48.7% to $0.04 during Monday’s session after the company announced pricing of a $1.3 million public offering of common stock.

The company has priced its public offering of 28.4 million shares of common stock at $0.047 per share, expecting gross proceeds of approximately $1.3 million. The offering is set to close on March 26, pending standard closing conditions.

Maxim Group LLC is the sole placement agent for this offering. SINTX plans to utilize the net proceeds, if any, for working capital and general corporate needs.

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How To Buy SINT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in SINTX’s, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, SINT has a 52-week high of $2.47 and a 52-week low of $0.04.