---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003701"
form_type: "8-K"
ticker: "STSS"
cik: "0001737995"
company_name: "Sharps Technology Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:11:25.834414+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sharps Technology closes $3.8M PIPE; Berler no longer executive officer; warrant price cut to $1.56

## Summary
- Gross proceeds of ~$3.8M from issuance of 2,248,521 units at $1.69/unit to institutional investors.
- Each unit consists of one share and one non-tradable warrant exercisable at $1.56 for 5 years.
- Proceeds to support manufacturing of pre-filled syringes through partnership with Nephron Pharmaceuticals.
- Barry Berler is no longer an executive officer, effective Feb. 1, 2023.
- Exercise price of 2022 warrants reduced from $4.25 to $1.56, contingent on PIPE closing.

## SEC filing metadata
- accession: 0001493152-23-003701
- form_type: 8-K
- ticker: STSS
- cik: 0001737995
- company_name: Sharps Technology Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737995/000149315223003701/0001493152-23-003701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737995/000149315223003701/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003701
- JSON: https://secwatch.observer/filing/0001493152-23-003701.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003701.txt

## Key facts
- Executive change
  Barry Berler departed as Executive Officer at Sharps Technology Inc..
  - Action: no longer be deemed an Executive Officer
  - Role: Executive Officer
  source text: As of February 1, 2023, the Company and Barry Berler determined that Mr. Berler will no longer be deemed an Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737995/000149315223003701/0001493152-23-003701-index.htm
- Material Agreements
  Sharps Technology Inc. entered into Placement Agent Agreement with Aegis Capital Corp. valued at commission of 10% of gross proceeds, plus 10% of warrant exercise proceeds, and $100,000 reimburseme (effective 2023-02-01).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Aegis Capital Corp.
  - Value: commission of 10% of gross proceeds, plus 10% of warrant exercise proceeds, and $100,000 reimburseme
  - Effective: 2023-02-01
  source text: Aegis Capital Corp. (“Aegis”) acted as the exclusive placement agent in connection with the PIPE Offering under a Placement Agent Agreement, dated as of February 1, 2023, between the Company and Aegis (the “Placement Agent Agreement”). Pursuant to the Placement Agent Agreement, Aegis was paid a commission equal to 10.0% of the gross proceeds received by the Company in the PIPE Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737995/000149315223003701/0001493152-23-003701-index.htm
- Material Agreements
  Sharps Technology Inc. entered into Securities Purchase Agreement (PIPE Agreement) with certain purchasers (the Purchasers) valued at issuance of 2,248,521 units at $1.69 per unit for aggregate gross proceeds of approximately $3.8 mil (effective 2023-02-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers (the Purchasers)
  - Value: issuance of 2,248,521 units at $1.69 per unit for aggregate gross proceeds of approximately $3.8 mil
  - Effective: 2023-02-01
  source text: On February 1, 2023, Sharps Technology, Inc., (the “Company”) entered into a Securities Purchase Agreement (the “PIPE Agreement”), with certain purchasers (the “Purchasers”), for the issuance of 2,248,521 units (the “PIPE Offering”), at a purchase price of $1.69 per unit priced at-the-market under NASDAQ rules.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737995/000149315223003701/0001493152-23-003701-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.