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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): July 9, 2024
Sharps
Technology, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Nevada
(State
or Other Jurisdiction of Incorporation)
001-41355 |
|
82-3751728 |
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
105
Maxess Road, Melville, New York 11747
(Address
of Principal Executive Offices)
(631)
574 -4436
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.0001 par value |
|
STSS |
|
NASDAQ
Capital Market |
Common
Stock Purchase Warrants |
|
STSSW |
|
NASDAQ
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
7.01 Regulation FD Disclosure
On
July 9, 2024, Sharps Technology, Inc. (the “Company”) issued a press release. A copy of the press release is furnished hereto
as Exhibit 99.1 and incorporated herein by reference.
Exhibits
9.01 Financial Statements and Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date:
July 9, 2024
SHARPS
TECHNOLOGY, INC. |
|
|
|
/s/
Robert Hayes |
|
Robert
Hayes |
|
Chief
Executive Officer |
|
Exhibit
99.1
Sharps
Technology CEO Urges Shareholders to Vote in Support of the Three Proposals by the July 12 Voting Deadline
Robert
Hayes issues a letter to shareholders asking their voting approval on three proposals vital to the Company’s continued growth.
Voting
deadline is Friday, July 12, at 11:59 p.m. Eastern Time.
NEW
YORK, JULY 9, 2024 – Sharps Technology, Inc., (NASDAQ: “STSS” and “STSSW”), an innovative medical
device and pharmaceutical packaging company offering patented, best-in-class syringe products, issues a shareholder letter from Robert
Hayes, the Company’s Chief Executive Officer.
Dear
Fellow Shareholders:
In
order to continue Sharps Technology’s solid progress toward achieving its goals, I want to share with you the importance of the
three proposals on the shareholder ballot and ask you to take a few moments to vote to approve them.
Up
for vote on the ballot are the following three proposals:
| ● | To
increase the authorized number of shares of common stock, if required for future equity transactions. |
| ● | To
effectuate a reverse stock split of the Company’s common stock, at our discretion,
at a ratio of up to 1-for-8, if required to maintain our Nasdaq listing. |
| ● | To
issue securities in non-public offerings where the maximum discount will not exceed 20% below
the market price of the Company’s common stock. |
Our
leadership team is moving forward aggressively to increase the Company’s valuation through strategic partnerships and customer
opportunities that will drive the need to expand our manufacturing capacity in Europe and the United States. We believe that passing
the three proposals is extremely important for Sharps to execute on these growth strategies and create more value for our shareholders.
Shareholders
of record as of May 17, 2024, can vote or change their vote 24 hours a day, seven days a week, until 11:59 p.m., Eastern Time on July
12, 2024.
Voting
can be executed via the Internet at www.proxyvote.com (have your 16-digit stockholder control number, which can be found on your
proxy card, in hand when you access the website). It can also be accomplished by toll-free telephone at 1-800-690-6903 (have your 16-digit
stockholder control number, which can be found on your proxy card, in hand when you call). If your shares are held at a broker or bank,
contact them directly to obtain your 16-digit shareholder control number. Voting issues and inquiries can be directed to your broker,
or if holding Registered shares, to the Company by email at info@sharpstechnology.com or by calling (631) 574-4436.
Late
voting or late changes can be made online during the Special Meeting on July 15 at www.virtualshareholdermeeting.com/STSS2024SM
with your 16-digit stockholder control number.
With
significant recent developments transforming the syringe market, Sharps Technology is experiencing heightened interest in our innovative
products, and we are actively pursuing these opportunities within the healthcare market. I want to make it clear that Sharps Technology
is currently extremely well-positioned to supply both U.S. and global healthcare customers with innovative products such as the SecureGard
and SoloGard syringe lines, and our manufacturing expansion in South Carolina is expected to be able to ship prefillable syringes
to the market within the next 12 months.
Thank
you for your continuing support and confidence in our Company. For more information, please visit http://sharpstechnology.com
Sincerely,
Robert
Hayes, CEO Sharps Technology, Inc.
FORWARD-LOOKING
STATEMENTS:
This
press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events.
When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,”
“future,” “intend,” “plan,” “poised” or the negative of these terms and similar expressions,
as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements
contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources
outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other
future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks,
and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking
statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore
against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from
those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our
ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition
from other providers and products; our ability to develop and commercialize products and services; changes in government regulation;
our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations.
Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Factors or events
that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We
cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may arise after the date of this release.
Investor
Relations:
Dave
Gentry
RedChip
Companies, Inc.
1-800-RED-CHIP
(733-2447)
Or
407-644-4256
STSS@redchip.com
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