$Sharps Technology (STSS.US)$ Sharps Technology, Inc. (NASDA...
$Sharps Technology (STSS.US)$ Sharps Technology, Inc. (NASDAQ: STSS) is planning a reverse stock split that will take effect on June 12, 2024. This action was decided by the company’s board of directors to help comply with Nasdaq’s minimum bid price requirement and improve the stock’s marketability
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CY1234 : June 12th? Where did the news come from? Haven't you seen the Moomoo report?
BigPoppa863 : Cant find any news on that. Post source.
CY1234 BigPoppa863 : I suspect this is deliberately scary fake news. Their moves
ShareHerLove :
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
Filed by the Registrant
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Filed by a Party other than the Registrant
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Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to § 240.14a-12
SHARPS TECHNOLOGY, INC.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee paid previously with preliminary materials.
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Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11.
SHARPS TECHNOLOGY, INC.
105 Maxess Road, Ste. 124
Melville, NY 11747
Telephone: (631) 574-4436
NOTICE OF 2024 SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD JULY 8, 2024
[____] A.M. EASTERN TIME
Notice is hereby given that the 2024 Special Meeting of Stockholders (the “Special Meeting”) of Sharps Technology, Inc., a Nevada corporation (the “Company”), will be held on Monday, July 8, 2024, at 10:00 a.m., Eastern Time via a live webcast on the Internet. You will be able to virtually attend the Special Meeting online and vote during the Special Meeting by visitingwww.[______]during the meeting. Only stockholders of record of our common stock on May 17, 2024 (the “Record Date”) will be entitled to vote at the Special Meeting and any adjournments, continuations or postponements thereof that may take place. We are holding the Special Meeting for the following purposes, which are more fully described in the accompanying proxy statement:
1.
To amend the articles of incorporation to increase the authorized shares of common stock from 100,000,000 shares to 500,000,000 shares
ShareHerLove : (the “Authorized Common Stock Increase”);
2.
To approve a proposal to authorize the Company’s Board of Directors (the “Board”), in its discretion at any time within one year after stockholder approval is obtained, to amend the Company’s Articles of Incorporation to effect a reverse stock split of shares of the Company’s common stock, at a ratio of up to 1-for-8, with the exact ratio to be determined by the Company’s Board and included in a public announcement (the “Reverse Stock Split Proposal”); and
3.
To approve the issuance of securities in one or more non-public offerings where the maximum discount at which the securities will be offered will be equivalent to a discount not to exceed 20% below the market price of our common stock in accordance with Nasdaq Marketplace Rule 5635(d).
4.
To approve, in accordance with Nasdaq Marketplace Rule 5635, the issuance of Sharps Technology, Inc.’s common stock exceeding 19.99% of the number of shares outstanding on May 17, 2024, from the issuance of shares of common stock to be issued in conjunction with a potential acquisition.
Stockholders are referred to the proxy statement accompanying this notice for more detailed information with respect to the matters to be considered at the Special Meeting. After careful consideration, the Board has determined that each proposal listed above is in the best interests of the Company and its stockholders and has approved each proposal.The Board recommends a vote FOR the Authorized Capital Stock Increase Proposal (Proposal 1), FOR the Reverse Stock Split Proposal (Proposal 2), FOR the Offering Discount Proposal (Proposal 3), and FOR the “Acquisition Proposal” (Proposal 4).
The Board has fixed the close of business on May 17, 2024 as the Record Date for Special Meeting. Only stockholders of record on the Record Date are entitled to receive notice of the Special Meeting and to vote at the Special Meeting or at any postponement(s), continuations(s),
ShareHerLove : or adjournment(s) of the Special Meeting. A complete list of registered stockholders entitled to vote at the Special Meeting will be available for inspection at our offices during regular business hours for the 10 calendar days prior to the Special Meeting and online during the Special Meeting.
YOUR VOTE AT THE SPECIAl MEETING IS IMPORTANT.
Whether or not you plan to attend the Special Meeting online, we urge you to vote your shares by following the instructions in the Notice of Internet Availability of Proxy Materials that you previously received and submit your proxy as promptly as possible by Internet, telephone or mail in order to ensure the presence of a quorum.You may change or revoke your proxy at any time before it is voted at the Special Meeting.
On behalf of our entire board of directors, we thank you for your continued support.
By order of the Board of Directors,
/s/ Robert M. Hayes
Robert M. Hayes
Chief Executive Officer
Melville, New York
June[___], 2024