SiNtx Technologies Down 39% After Reverse Split

Dow Jones05-29

By Josh Beckerman

SiNtx Technologies shares were down 39% Tuesday following a 1-for-200 reverse stock split primarily intended to bring the company into compliance with Nasdaq requirements.

The stock was recently at $8.23 and is down about 89% this year.

In October, Nasdaq notified the maker of silicon nitride and other ceramics that it was out of compliance with the $1 bid price requirement. In April, Nasdaq said it was determined to delist the shares, and the company said its hearing request would stay any suspension or delisting action.

SiNtx said Thursday that the reverse split would be effective Tuesday.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 28, 2024 14:37 ET (18:37 GMT)

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