Sharps Technology, Inc. Closes $3.5 Million Bridge Financing [Yahoo! Finance]
Sharps Technology Inc. (STSS)
Company Research
Source: Yahoo! Finance
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 offering, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as Exclusive Placement Agent for the private placement. Sichenzia Ross Ference Carmel LLP acted U.S. counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp. The securities described above were sold in a p
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STSS
News
- Sharps Technology, Inc. Announces Stockholders’ Approval of Reverse Stock Split Ratio and Effective DateGlobeNewswire
- Sharps Technology, Inc. Reminds Shareholders to Vote Before Important Shareholder Meeting on October 7, 2024GlobeNewswire
- 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 FinancingGlobeNewswire
- Sharps Technology, Inc. Announces $3.5 Million Bridge FinancingGlobeNewswire
STSS
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form SC
- 11/7/24 - Form 8-K
- STSS's page on the SEC website