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SINTX Reveals Completion Of First Series Of Strategic Initiatives; Expects Cash Runway Well Into 2025

Author: Benzinga Newsdesk | September 05, 2024 08:03am

As part of this comprehensive effort to optimize the company's financials, SINTX initiated strategic measures including:

raised additional capital through the sale of common stock under the Company's current At-The-Market (ATM) offering.
reduced expenses in an amount that we believe will result in an over 50% reduction in cash used in operating expenses and lowering expected future annual expenses by approximately $5.8 million.
initiated discussions with its lessors, with the goal of reducing the Company's lease obligations by the end of 2024.

Posted In: SINT