SINTX TECHNOLOGIES ANNOUNCES ADJOURNMENT OF ANNUAL MEETING OF STOCKHOLDERS UNTIL MAY 23, 2019
24 April 2019 - 11:00PM
3 of 4 Proposals pass with stockholder
approval
SINTX Technologies, Inc. (NASDAQ: SINT) today announced that
its 2019 Annual Meeting of Stockholders ("Annual Meeting"),
scheduled for Tuesday, April 23, 2019, was convened on Proposals 1,
3 and 4 each as set forth in the company’s Definitive Proxy
Statement filed with the Securities and Exchange Commission on
March 25, 2019 with all such proposals having been ratified and
approved.
The company adjourned the Annual Meeting with
respect to Proposal 2 - Approval of Reverse Stock Split. While
Proposal 2 has exceeded 60% 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 May 23, 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
Wednesday, May 22, 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 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
SiNtx Technologies (NASDAQ:SINT)
Historical Stock Chart
From Apr 2024 to May 2024
SiNtx Technologies (NASDAQ:SINT)
Historical Stock Chart
From May 2023 to May 2024