Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On January 3, 2022, SINTX Technologies, Inc. ("SINTX" or "the Company") received
a notice from Nasdaq Listing Qualifications department (the "Staff") of the
Nasdaq Stock Market LLC ("Nasdaq") stating that the bid price of the Company's
common stock for the last 30 consecutive trading days had closed below the
minimum $1.00 per share required for continued listing under Listing Rule
5550(a)(2).
The Nasdaq notification letter does not result in the immediate delisting of the
Company's common stock, and the stock will continue to trade uninterrupted on
the The Nasdaq Capital Market under the symbol "SINT".
If the Company does not regain compliance with Rule 5550(a)(2) by July 5, 2022,
the Company may be eligible for additional time. To qualify, the Company will be
required to meet the continued listing requirement for market value of publicly
held shares and all other initial listing standards for The Nasdaq Capital
Market, with the exception of the bid price requirement, and will need to
provide written notice of its intention to cure the deficiency during the second
compliance period, by effecting a reverse stock split, if necessary. If the
Company meets these requirements, the Staff will inform the Company that it has
been granted an additional 180 calendar days. However, if it appears to Staff
that the Company will not be able to cure the deficiency, or if the Company is
otherwise not eligible, the Staff will provide notice that its securities will
be subject to delisting.
The Company intends to actively monitor the closing bid price for its common
stock and will consider available options to resolve the deficiency and regain
compliance with Nasdaq Listing Rule 5550(a)(2).
© Edgar Online, source Glimpses