Sharps Technology, Inc. Announces $3.5 Million Bridge Financing
Sharps Technology Inc. (STSS)
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (NASDAQ: STSS) (the “Company”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, today announced that it has entered into definitive agreements with institutional investors for a secured bridge loan financing (the “Bridge Financing”) of approximately $3.5 million. The Bridge Financing consisted of the sale of approximately $3.5 million in securities, with purchasers agreeing to buy, for each $1,000 invested, $1,250 in aggregate principal amount of secured notes (the “Notes”) and 1,628.57 shares of common stock (“Common Stock”) or pre-funded warrants (“Pre-funded Warrants”) in lieu of shares of Common Stock, for an aggregate of $4,375,000 in principal amount of the Notes and 5,700,006 shares of Common Stock. The Pre-Funded Warrants will be immediately exercisable, at a price of $0.0001, subject to registration and may be exercised at any time until
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STSS
Sec Filings
- 12/9/24 - Form 253G3
- 12/6/24 - Form 4/A
- 12/6/24 - Form 8-K
- STSS's page on the SEC website