Empery Asset Management Discloses 2.89M Share Stake in Sharps Tech

TL;DR

**Empery Asset Management just revealed a big stake in Sharps Technology, signaling institutional confidence.**

AI Summary

Empery Asset Management, LP, a Delaware-based investment firm, reported on January 9, 2024, that as of December 31, 2023, they beneficially own 1,236,482 shares of Sharps Technology Inc. common stock with shared voting power, plus an additional 1,652,447 shares issuable from pre-funded warrants. This significant stake, totaling 2,888,929 shares, means Empery now holds a substantial position in Sharps Technology, indicating their belief in the company's future prospects and potentially influencing its strategic direction.

Why It Matters

This filing reveals a major institutional investor, Empery Asset Management, has taken a significant position in Sharps Technology, which could signal confidence in the company's future and potentially attract other investors.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, which is generally seen as a positive sign of confidence in the company.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in Sharps Technology Inc., and might consider further research into the company's fundamentals and future prospects.

Key Numbers

• 1,236,482 — Shares of Common Stock (Beneficially owned by Empery Asset Management, LP with shared voting power as of December 31, 2023.)
• 1,652,447 — Shares from Pre-Funded Warrants (Additional shares of Common Stock issuable upon exercise of Pre-Funded Warrants, also beneficially owned by Empery Asset Management, LP.)
• 2,888,929 — Total Potential Shares (The combined total of common stock and shares from warrants, representing Empery Asset Management's total beneficial ownership in Sharps Technology Inc.)

Key Players & Entities

• Empery Asset Management, LP (company) — the reporting person and investment firm
• Sharps Technology Inc. (company) — the subject company whose shares were acquired
• 1,236,482 shares (dollar_amount) — common stock with shared voting power
• 1,652,447 shares (dollar_amount) — common stock issuable upon exercise of Pre-Funded Warrants
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — place of organization for Empery Asset Management, LP

Forward-Looking Statements

• Other institutional investors may take a closer look at Sharps Technology Inc. due to Empery Asset Management's significant stake. (Sharps Technology Inc.) — medium confidence, target: Q2 2024
• Empery Asset Management, LP may seek to engage with Sharps Technology Inc. management regarding strategic direction or operational improvements. (Empery Asset Management, LP) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securitie

Filing Documents

• p24-0054sc13g.htm (SC 13G) — 80KB
• 0000902664-24-000087.txt ( ) — 82KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Sharps Technology Inc. (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 105 Maxess Road, Melville, NY 11747.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by the entities and persons listed below, who are collectively referred to herein as " Reporting Persons ," with respect to the Common Stock (as defined in Item 2(d) below) of the Company: Investment Manager (i)Empery Asset Management, LP (the " Investment Manager "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants (as defined below) held by, funds to which the Investment Manager serves as investment manager (the " Empery Funds "). Reporting Individuals (ii)Mr. Ryan M. Lane (" Mr. Lane "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. (iii)Mr. Martin D. Hoe (" Mr. Hoe "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. The Investment Manager serves as the investment manager to each of the Empery Funds. Each of Mr. Lane and Mr. Hoe (the " Reporting Individuals ") is a Managing Member of Empery AM GP, LLC (the " General Partner "), the general partner of the Investment Manager.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is: 1 Rockefeller Plaza, Suite 1205 New York, New York 10020 CUSIP No. 82003F101 13G Page 6 of 10 Pages

(c)

Item 2(c). CITIZENSHIP: Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.0001 par value (the " Common Stock ")

(e)

Item 2(e). CUSIP NUMBER: 82003F101 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 23257B107 13G Page 7 of 10 Pages Item 4. The information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 15,274,457 shares of Common Stock issued and outstanding as of November 14, 2023, as represented in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2023 and assumes the exercise of the Company's reported warrants (the " Reported Warra

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: January 9, 2024 EMPERY ASSET MANAGEMENT, LP By: EMPERY AM GP, LLC, its General Partner By: /s/ Ryan M. Lane Name: Ryan M. Lane Title: Managing Member /s/ Ryan M. Lane Ryan M. Lane /s/ Martin D. Hoe Martin D. Hoe CUSIP No. 82003F101 13G Page 10 of 10 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: January 9, 2024 EMPERY ASSET MANAGEMENT, LP By: EMPERY AM GP, LLC, its General Partner By: /s/ Ryan M. Lane Name: Ryan M. Lane Title: Managing Member /s/ Ryan M. Lane Ryan M. Lane /s/ Martin D. Hoe Martin D. Hoe

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