Sharps Technology Secures SC Asset Purchase Exclusivity with $1 Million Escrow Deposit
Sharps Technology Inc. (STSS)
Company Research
Source: GlobeNewswire
InjectEZ acquisition establishing Sharps position in the prefillable syringe (PFS) industry in the U.S. has progressed with the payment of $1 million into third-party escrow account. Closing on the Asset Purchase and the Syringe Sales Agreement, for product orders totaling over $200 million for the first five years of operation, is expected within the next 60 days. Based on the most likely timeframe, product shipments from the SC facility are planned to begin by Q2 of 2025. NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Sharps Technology, Inc., (NASDAQ: “STSS” and “STSSW”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, has transferred a $1 million escrow deposit for the exclusive rights to purchase the InjectEZ assets from Nephron Pharmaceuticals in West Columbia, South Carolina. Sharps Technology recently signed the Asset Purchase Agreement and an accompanying five-year, $200 million syringe Sales Agreemen
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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. Closes $3.5 Million Bridge FinancingGlobeNewswire
- Sharps Technology, Inc. Announces $3.5 Million Bridge FinancingGlobeNewswire
- Sharps Technology Announces Continued Listing on Nasdaq Pending Results of an Upcoming Special Shareholders’ MeetingGlobeNewswire
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