Sharps Technology Inc. Files Material Definitive Agreement
Ticker: STSSW · Form: 8-K · Filed: May 24, 2024 · CIK: 1737995
| Field | Detail |
|---|---|
| Company | Sharps Technology Inc. (STSSW) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $188.5 million, $35,000,000, $1,000,000, $10.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
TL;DR
Sharps Tech signed a big deal, details TBD.
AI Summary
On May 24, 2024, Sharps Technology, Inc. filed an 8-K report detailing a material definitive agreement. The filing does not specify the other party involved in the agreement or any financial terms at this time. The company is incorporated in Nevada and its principal executive offices are located in Melville, New York.
Why It Matters
This filing indicates a significant new agreement for Sharps Technology, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but lacks specific details, creating uncertainty about its impact.
Key Players & Entities
- Sharps Technology, Inc. (company) — Registrant
- May 24, 2024 (date) — Date of report
- Nevada (jurisdiction) — State of Incorporation
- 105 Maxess Road, Melville, New York 11747 (address) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement filed by Sharps Technology, Inc.?
The filing states that the report is being made under Item 1.01, Entry into a Material Definitive Agreement, but does not provide specific details about the agreement itself.
Who is the other party to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
Are there any financial terms or obligations associated with this agreement mentioned in the filing?
The provided text of the 8-K filing does not specify any financial terms or obligations related to the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 24, 2024.
What is Sharps Technology, Inc.'s state of incorporation and principal executive office location?
Sharps Technology, Inc. is incorporated in Nevada and its principal executive offices are located at 105 Maxess Road, Melville, New York 11747.
Filing Stats: 1,171 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-05-24 16:15:47
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value STSS NASDAQ Capital Mark
- $188.5 million — se a minimum aggregate of approximately $188.5 million dollars of syringes over the term of th
- $35,000,000 — llowing: " Cash Consideration " Means $35,000,000 (35 Million) in cash payable on Closing
- $1,000,000 — 35 Million) in cash payable on Closing; $1,000,000 of the Cash Consideration shall be paya
- $10.0 million — ssets. Additionally, reference to the $10.0 million subordinated Note is eliminated. Defi
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex10-1.htm (EX-10.1) — 136KB
- ex10-2.htm (EX-10.2) — 230KB
- ex10-1_001.jpg (GRAPHIC) — 3KB
- ex10-2_001.jpg (GRAPHIC) — 156KB
- 0001493152-24-021361.txt ( ) — 915KB
- stss-20240524.xsd (EX-101.SCH) — 4KB
- stss-20240524_def.xml (EX-101.DEF) — 26KB
- stss-20240524_lab.xml (EX-101.LAB) — 36KB
- stss-20240524_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
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: May 24, 2024 SHARPS TECHNOLOGY, INC. /s/ Robert M. Hayes Robert M. Hayes Chief Executive Officer