Sharps Technology Faces Delisting Concerns
Ticker: STSSW · Form: 8-K · Filed: Jul 15, 2024 · CIK: 1737995
| Field | Detail |
|---|---|
| Company | Sharps Technology Inc. (STSSW) |
| Form Type | 8-K |
| Filed Date | Jul 15, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, corporate-governance
TL;DR
Sharps Tech might get delisted, stock holders voted on something important July 9th.
AI Summary
Sharps Technology Inc. filed an 8-K on July 15, 2024, reporting a notice of delisting or failure to meet continued listing standards. The company also submitted matters to a vote of its security holders on July 9, 2024. The filing does not specify the exact reason for the potential delisting or the outcome of the security holder vote.
Why It Matters
This filing indicates potential issues with Sharps Technology's compliance with stock exchange listing rules, which could lead to the company's shares being delisted.
Risk Assessment
Risk Level: high — The filing explicitly mentions a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard,' indicating significant risk to the company's stock exchange listing.
Key Numbers
- 001-41355 — SEC File Number (Identifies the company's filing history with the SEC.)
- 82-3751728 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Sharps Technology Inc. (company) — Registrant
- July 9, 2024 (date) — Date of earliest event reported
- July 15, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of Incorporation
- 105 Maxess Road, Melville, New York 11747 (address) — Principal Executive Offices
FAQ
What specific listing rule or standard has Sharps Technology Inc. failed to satisfy?
The filing does not specify the exact listing rule or standard that Sharps Technology Inc. has failed to satisfy.
What was the subject of the vote by security holders on July 9, 2024?
The filing states that matters were submitted to a vote of security holders on July 9, 2024, but does not detail the specific matters voted upon.
What is the potential consequence of failing to satisfy the continued listing rule?
The filing indicates a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard,' suggesting that delisting from the stock exchange is a potential consequence.
Where are Sharps Technology Inc.'s principal executive offices located?
Sharps Technology Inc.'s principal executive offices are located at 105 Maxess Road, Melville, New York 11747.
When was Sharps Technology Inc. incorporated?
Sharps Technology Inc. was incorporated in Nevada.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-07-15 17:20:09
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value STSS NASDAQ Capital Mark
- $1.00 — ts common stock had closed at less than $1.00 per share over the previous 30 consecut
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-027891.txt ( ) — 260KB
- stss-20240709.xsd (EX-101.SCH) — 4KB
- stss-20240709_def.xml (EX-101.DEF) — 26KB
- stss-20240709_lab.xml (EX-101.LAB) — 36KB
- stss-20240709_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: July 15, 2024 SHARPS TECHNOLOGY, INC. /s/ Andrew R. Crescenzo Andrew R. Crescenzo Chief Financial Officer