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of March 24, 2026, there were 38,664,571 common shares issued and outstanding and approximately 136 shareholders of record.
−Removed: Because many of our
−Removed: shares of common stock are held by brokers and other institutions on behalf of stockholders, this number is not indicative of the total
−Removed: number of stockholders represented by these stockholders of record.
+Added: of our shares of common stock are held by brokers and other institutions on behalf of stockholders, this number is not indicative of
+Added: the total number of stockholders represented by these stockholders of record.
have not paid any and have no present intention of paying any dividends on our capital stock.
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of our common stock, if any, will provide a return to investors for at least the foreseeable future.
−Removed: of Proceeds from the Sale of Registered Securities
−Removed: April 13, 2022, the Company’s initial public offering (“IPO”) was declared effective by the SEC pursuant to which the
−Removed: Company issued and sold an aggregate of 3,750,000 units, each consisting of one share of common stock and two warrants, to purchase one
−Removed: share of common stock for each whole warrant, with an initial exercise price of $4.25 per share and a term of five years.
−Removed: the Company granted Aegis Capital Corp., as underwriter a 45-day over-allotment option to purchase up to 15% of the number of shares
−Removed: included in the units sold in the offering, and/or additional warrants equal to 15% of the number of warrants included in the units sold
−Removed: in the offering, in each case solely to cover over-allotments, which the Aegis Capital Corp.
−Removed: partially exercised with respect to 1,125,000
−Removed: warrants on April 19, 2022.
−Removed: The IPO generated aggregate gross proceeds of approximately $16 million.
−Removed: After deducting underwriting discounts,
−Removed: commissions and offering costs incurred by us of approximately $1.7 million the net proceeds from the offering were approximately $14.2
−Removed: Aegis Capital Corp.
−Removed: acted as the underwriter of the offering.
−Removed: No offering costs were paid or are payable, directly, or indirectly,
−Removed: to our directors or officers, to persons owning 10% or more of any class of our equity securities, or to any of our affiliates.
−Removed: has been no material change in the expected use of the net proceeds from our IPO as described in our final prospectus filed with the
−Removed: SEC on April 15, 2022.
−Removed: Upon receipt, the net proceeds from our IPO were held in cash and cash equivalents.
−Removed: As of December 31, 2024, we
−Removed: have used the net proceeds from the IPO for working capital, acquisition of the Hungary facility and capital expenditures.
−Removed: December 5, 2024, the Company, entered into subscription agreements with certain institutional investors, pursuant to which the Company
−Removed: agreed to issue and sell to the investors 248,430 shares (the “Shares”) of Common Stock, par value $0.0001 per share of the
−Removed: Company at a price of $1.95 per share for gross proceeds to the Company of $484,438 before deducting placement agent fees and commissions
−Removed: of $84,671 with net proceeds, after reflecting par value, have been recorded in Additional Paid in Captial of $399,742.
−Removed: The Shares issued
−Removed: in the offering were offered at-the-market under Nasdaq rules and pursuant to the Company’s Form 1-A (the “Offering Statement”),
−Removed: initially filed by the Company with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933 (the
−Removed: “Securities Act”), as most recently amended on November 18, 2024, and qualified on December 3, 2024.
−Removed: May 31 and June 13, 2024, the Company entered into subscription agreements with certain institutional investors, pursuant to which the
−Removed: Company agreed to issue and sell to the investors 190,773 (pre reverse - 4,197,000) shares (the “Shares”) of Common Stock,
−Removed: par value $0.0001 per share of the Company at a price of $8.36 (pre reverse -$0.38) and received gross proceeds to the Company of $1.6M,
−Removed: before expenses to the placement agent and other offering expenses of $298,000 with net proceeds, after reflecting par value, have been
−Removed: recorded in Additional Paid in Capital of $1,296,903.
−Removed: The shares issued in the offering were offered at-the-market under Nasdaq rules
−Removed: and pursuant to the Company’s Form 1-A (the “Offering Statement”), initially filed by the Company with the Securities
−Removed: and Exchange Commission under the Securities Act of 1933, as amended on May 21, 2024, and qualified on May 30, 2024.
−Removed: May 30, 2024, the Company offered warrant inducements (the “Inducement Agreement”) to certain warrant holders (the “Warrant
−Removed: Holders”) which references the warrants registered for sale under both the registration statements on Form S-1 (file No.
−Removed: and/or the registration statement on Form S-1 (File No.
−Removed: 333-275011) (collectively, the “Registration Statements”) for up
−Removed: to a total of 499,932 (pre reverse - 10,998,524) warrants to purchase shares of the Company’s common stock, par value $0.0001 per
−Removed: Pursuant to the Inducement Agreement, the exercise price of the existing warrants was reduced from $14.08 (pre reverse -$0.64)
−Removed: per share to $7.26 (pre reverse -$0.33) per share.
−Removed: In addition, for each warrant that was exercised, as a result of the Inducement Agreement,
−Removed: the Company agreed to issue the Warrant Holders unregistered warrants with an exercise price of $9.90 (pre reverse - $0.45) per share
−Removed: (“Inducement Warrants”).
−Removed: In the aggregate, 260,799 (pre reverse -5,737,573) warrants were exercised as a result of the Inducement
−Removed: Agreement and accordingly, 260,799 Inducement Warrants were issued.
−Removed: The Company received gross proceeds of $1.9M before expenses to the
−Removed: placement agent and other expenses of $285,000.
−Removed: The net proceeds, after reflecting par value, has been recorded in Additional Paid in
−Removed: Capital of $978,955 and with respect to the Inducement Warrants, a liability under ASC 815 was recorded in the amount of $693,064.
−Removed: outstanding warrants, with an exercise price of $14.08 (pre reverse -$0.64), were reduced to $7.26 (pre reverse -$0.33) based on anti-dilution
−Removed: terms in the respective warrant agreements.
−Removed: September 29, 2023, the Company completed two simultaneous offerings and received aggregate gross proceeds of approximately $5.6 million,
−Removed: before expenses to the placement agent and other offering expenses of $716,000.
−Removed: first offering, the securities purchase agreement offering (the “Shelf Offering”) with institutional investors and the
−Removed: Company resulted in the Company receiving net proceeds from the Shelf Offering and the sale of pre-funded of approximately $2.5 million,
−Removed: includes the value of the pre-funded warrants recorded in APIC, net of $362,000 in fees relating to the placement agent and other
−Removed: offering expenses.
−Removed: The Shelf Offering was priced at the market under Nasdaq rules.
−Removed: In connection with the Shelf Offering, the Company
−Removed: issued 164,478 (pre reverse -3,618,521) shares of common at a purchase price of $14.08 per unit, adjusted to $7.26 (reverse effected)
−Removed: at May 30, 2024, based on anti-dilution terms in the warrants and 36,636 (pre reverse -800,000) pre-funded warrants at $14.058 (pre
−Removed: reverse -$0.639) per pre-funded warrants.
−Removed: The exercise price of the pre-funded warrants was $0.001 per share.
−Removed: second offering, the securities purchase agreement offering (“Private Placement”) with institutional investors and the
−Removed: Company received net proceeds from the Private Placement of approximately $2.4 million, net of $354,000 in fees relating to the
−Removed: placement agent and other offering expense.
−Removed: In connection with the Private Placement, the Company issued:
−Removed: (i) 117,340 (pre reverse -
−Removed: 2,581,479) PIPE Shares (or PIPE Pre-Funded Warrants in lieu thereof) and (ii) PIPE Warrants (non-trading) to purchase 397,727 (pre
−Removed: reverse -8,750,003) shares of our common stock, at a combined purchase price of $23.63 (pre reverse - $1.074) per unit or $23.606
−Removed: (pre reverse - $1.073) per pre-funded unit.
−Removed: The PIPE Warrants had a term of five and one-half (5.5) years from the issuance date and
−Removed: were exercisable for one share of common stock at an exercise price, after effect of the October 2024 reverse split, of $14.08
−Removed: adjusted to $7.26 at May 30, 2024, based on anti-dilution terms in the warrants.
−Removed: See Note 8(a) Warrants below for further
−Removed: The net proceeds, after reflecting par value, has been recorded in Additional Paid in Capital of $1.6 million and with
−Removed: respect to the PIPE Warrants recorded as a liability under ASC 815 of $985,204.
−Removed: On October 16, 2023, the Company filed an S-1
−Removed: (Resale) Registration Statement in connection with the Private Placement and on October 26, 2023 the S-1 went effective.
−Removed: Warrants were fully exercised in 2024.
−Removed: (See Note 10).
−Removed: On February 3, 2023, the Company
−Removed: completed a securities purchase agreement (“Offering”) with institutional investors and received net proceeds from the Offering
−Removed: of approximately $3.2 million, net of $600,000 in fees relating to the placement agent and other offering expenses.
−Removed: The Offering was priced
−Removed: at the market under Nasdaq rules.
−Removed: In connection with the Offering, the Company issued 102,206 (pre reverse - 2,248,521) units at a purchase
−Removed: price of $37.18 (pre reverse - $1.69) per unit.
−Removed: Each unit consisted of one share of common stock and one non-tradable warrant (“Offering
−Removed: Warrants”) exercisable for one share of common stock at a price, after effect of the October 2024 reverse split, of $34.32, adjusted
−Removed: to $14.08 at September 29, 2023 and to $7.26 at May 30, 2024, based on anti-dilution terms in the warrants and a term of five years.
−Removed: Note 8(a) for further adjustment.
−Removed: The Offering Warrants have a term of five years from the issuance date.
−Removed: On February 13, 2023, the Company
−Removed: filed an S-1 (Resale) Registration Statement in connection with the Offering and on April 14, 2023, an Amendment to the S-1 was filed
−Removed: and went effective.
−Removed: (See Note 10)
−Removed: The proceeds from Offerings in 2024 and 2023 were used to support working
−Removed: capital, capital expenditures and production of inventory.
−Removed: Sales of Unregistered Securities
−Removed: On December 5, 2024, Sharps Technology, Inc., a
−Removed: Nevada corporation (the “Company”), entered into subscription agreements with certain institutional investors, pursuant to
−Removed: which the Company agreed to issue and sell to the investors 248,430 shares (the “Shares”) of Common Stock, par value $0.0001
−Removed: per share of the Company at a price of $1.95 per share for gross proceeds to the Company of $484,438 before deducting placement agent
−Removed: fees and commissions.
−Removed: The Shares to be issued in the offering were offered
−Removed: at-the-market under Nasdaq rules and pursuant to the Company’s Form 1-A (the “Offering Statement”), initially filed
−Removed: by the Company with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933 (the “Securities
−Removed: Act”), as most recently amended on November 18, 2024, and qualified on December 3, 2024.
−Removed: On September 20, 2024, Sharps Technology, Inc.,
−Removed: (the “Company”) entered into a securities purchase agreement (the , initially filed by the Company with the Securities and Exchange Commission
−Removed: (the “SEC”) under the Securities Act of 1933 (the “Securities Act”), as most recently amended on November 18,
−Removed: 2024, and qualified on December 3, 2024.
−Removed: “Securities Purchase Agreement”) and Senior
−Removed: Secured Note (the “Note”) for an aggregate principal amount of $4,375,000.00, with certain purchasers (the “Purchasers”),
−Removed: for the issuance of approximately 5,700,006 unregistered shares of the Company’s Common Stock or pre-funded warrants (the “Pre-Funded
−Removed: Warrants”) in lieu of shares of Common Stock.
−Removed: The Pre-Funded Warrants will be immediately exercisable, at an exercise price of $0.0001,
−Removed: subject to registration, and may be exercised at any time until exercised in full.
−Removed: For each Pre-Funded Warrant sold in the offering, the
−Removed: number of shares of Common Stock in the offering will be decreased on a one-for-one basis.
−Removed: The aggregate gross proceeds to the Company
−Removed: were approximately $3.5 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
−Removed: On May 31 and June 13, 2024, Sharps Technology, Inc., a Nevada corporation
−Removed: (the “Company”), entered into subscription agreements with certain institutional investors, pursuant to which the Company
−Removed: agreed to issue and sell to the investors 190,773 shares (the “Shares”) of Common Stock, par value $0.0001 per share of the
−Removed: Company at a price of $0.38 per share and received net proceeds to the Company of $1,297,000.
−Removed: The Shares issued in the offering were offered
−Removed: at-the-market under Nasdaq rules and pursuant to the Company’s Form 1-A (the “Offering Statement”), initially filed
−Removed: by the Company with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities
−Removed: Act”), on May 21, 2024, and qualified on May 30, 2024.
−Removed: The Shares to be issued in the offering were offered
−Removed: at-the-market under Nasdaq rules and pursuant to the Company’s Form 1-A (the “Offering Statement”), initially filed
−Removed: by the Company with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities
−Removed: Act”), on May 21, 2024, and qualified on May 30, 2024.
−Removed: 2023, we completed two Private Placements and issued an aggregate of 4,830,000 shares being a) 2,248,521 relating to the February 2023
−Removed: offering and b) 2,581,479 shares relating to the September 2023 offering.
−Removed: 2024, the Company issued 63,409 stock options at exercise prices ranging from $5.89 to $6.27.
−Removed: 2023, the Company issued 48,409 stock options at exercise prices ranging from $18.04 to $30.14.
−Removed: above disclosures have been effected for the reverse stock split that was effective on October 16, 2024.
−Removed: offers, sales, and issuances of the above securities were exempt from registration under the Securities Act by virtue of Section 4(a)(2)
−Removed: of the Securities Act as transactions by an issuer not involving any public offering, or in reliance on Rule 701 promulgated under Section
−Removed: 3(b) of the Securities Act because the transactions were pursuant to compensatory benefit plans or contracts relating to compensation
−Removed: as provided under Rule 701.
Authorized for Issuance under Equity Compensation Plans
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of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: did not purchase any of our shares of common stock or other securities during our fiscal years ended December 31, 2024 and 2023.
−Removed: of our Officers and Directors purchased shares on the open market as reflected in their Section 16b filings (Form 4).
+Added: Pursuant to the 2025 Repurchase Program, from January to March 2026, the Company repurchased a total of 867,678 shares of its common stock
+Added: at a cost of $1,571,507, not including fees of $17,354.
+Added: Certain of our Officers
+Added: and Directors purchased shares on the open market as reflected in their Section 16 filings (Form 4).
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.