Sharps Technology, Inc. Closes $3.5 Million Bridge Financing
Sharps Technology Inc. (STSS)
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 24, 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 the closing of its previously announced 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”), for an aggregate of $4,375,000 in principal amount of the Notes and 5,700,006 shares of Common Stock. No Pre-Funded Warrants were sold in the Bridge Financing. Aggregate gross proceeds to the Company were approximately $3.5 million, before deducting fees and expenses. The transaction closed on September 24, 2024. The Company expects to use the net proceeds from the
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News
- Aegis Capital Corp. Acted as Exclusive Placement Agent on a $3.5 Million Bridge Financing for Sharps Technology, Inc. (NASDAQ:STSS)Accesswire
- Sharps Technology, Inc. Closes $3.5 Million Bridge Financing [Yahoo! Finance]Yahoo! Finance
- Sharps Technology, Inc. Announces $3.5 Million Bridge FinancingGlobeNewswire
- Sharps Technology Announces Continued Listing on Nasdaq Pending Results of an Upcoming Special Shareholders’ MeetingGlobeNewswire
- Sharps Technology Enters Into a Five-Year Sales Agreement with Strategic U.S. Medical Products Company Creating +$5O Million in New Revenue for EU Facility [Yahoo! Finance]Yahoo! Finance
STSS
Sec Filings
- 9/23/24 - Form 8-K
- 9/12/24 - Form 8-K
- 9/4/24 - Form DEF
- STSS's page on the SEC website