SINTX Technologies Initiates Stock Repurchase Program

November 18, 2024

DENVER, Colo., Nov 18, 2024 (247marketnews.com)- SINTX Technologies (NASDAQ: SINT) will buy up to $500,000 of the Company’s outstanding common stock, or about 20% of total outstanding shares, over the next several quarters.

The stock repurchase program was approved by the Company’s board of directors and will be conducted based on market conditions, and other factors. The initiative reflects SINTX’s confidence in its strategic direction, commitment to enhancing shareholder value, and aligns with SINTX’s strategic focus on optimizing its capital structure and delivering long-term value to shareholders.

The move will reduce the number of outstanding shares and enhance earnings per share., by increasing the ownership stake of remaining shareholders.

Eric Olson, CEO of SINTX Technologies, commented, “We believe that the current market undervalues SINTX’s potential.

“This repurchase program underscores our confidence in the company’s strategic initiatives and our commitment to delivering value to our shareholders. By leveraging our strong balance sheet, we are taking a proactive approach to capital allocation, similar to other companies in our industry that have successfully implemented share repurchase programs.”

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