0001737995 false 0001737995 2023-08-04 2023-08-04 0001737995 STSS:CommonStock0.0001ParValueMember 2023-08-04 2023-08-04 0001737995 STSS:CommonStockPurchaseWarrantsMember 2023-08-04 2023-08-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): August 4, 2023

 

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 8.01 OTHER EVENTS

 

On August 1, 2023, Sharps Technology, Inc. (the “Company”) agreed to eliminate the floor price of $1.56 per share in the warrants issued in the February 1, 2023 private placement. The warrants have certain anti-dilution provisions whereby the warrant exercise price adjusts for future issuances made at a discount to the $1.56 exercise price. This doesn’t reduce the exercise price of the warrants, it just eliminates the floor price. Only in the event, that the Company issues shares at below $1.56 per share will the exercise price be reduced.

 

 

 

 

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: August 4, 2023

 

  SHARPS TECHNOLOGY, INC.
   
  /s/ Andrew R. Crescenzo
  Andrew R. Crescenzo
  Chief Financial Officer

 

 

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Cover
Aug. 04, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 04, 2023
Entity File Number 001-41355
Entity Registrant Name Sharps Technology, Inc.
Entity Central Index Key 0001737995
Entity Tax Identification Number 82-3751728
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 105 Maxess Road
Entity Address, City or Town Melville
Entity Address, State or Province NY
Entity Address, Postal Zip Code 11747
City Area Code 631
Local Phone Number 574 -4436
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Common Stock, $0.0001 par value  
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol STSS
Security Exchange Name NASDAQ
Common Stock Purchase Warrants  
Title of 12(b) Security Common Stock Purchase Warrants
Trading Symbol STSSW
Security Exchange Name NASDAQ
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