Why SINTX Technologies Stock Is Getting Hammered - SINTX Technologies (NASDAQ:SINT)

SINTX Technologies Inc (NASDAQ:SINT) shares are trading lower by 42% to $0.024 during Wednesday’s session after the company announced pricing of a $1.5 million public offering of common stock.

The pricing of its public offering of 71.6 million shares of common stock will be conducted at a price of $0.021 per share. The gross proceeds from the offering are anticipated to be about $1.5 million before deducting placement agent fees and offering expenses.

The offering is set to close on April 5, pending customary closing conditions. SINTX plans to utilize the net proceeds, if any, for working capital and general corporate purposes. Maxim Group LLC is serving as the sole placement agent for this offering.

How To Buy SINT Stock

By now you're likely curious about how to participate in the market for SINTX – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of SINTX, which is trading at $0.02 as of publishing time, $100 would buy you 5000.0 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, SINT has a 52-week high of $2.19 and a 52-week low of $0.022.

SINTSINTX Technologies Inc

$2.301.55%

Overview

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