---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-035242"
form_type: "8-K"
ticker: "STSS"
cik: "0001737995"
company_name: "Sharps Technology Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:33:48.794723+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sharps Technology raises $5.6M in registered direct and private placement; existing warrant exercise price cut to $0.64

## Summary
- Gross proceeds of ~$5.6M from sale of 4.4M shares and pre-funded warrants at $0.64/share, plus private placement warrants.
- Placement agent Aegis Capital Corp. received 8% commission and 1% expense allowance plus $100,000 reimbursement.
- Existing warrants (11.5M shares) exercise price reduced from $1.56 to $0.64 due to anti-dilution adjustment.
- Concurrent private placement issued units to purchase pre-funded warrants and 8.75M common warrants (5.5-year term).
- Proceeds to be used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001493152-23-035242
- form_type: 8-K
- ticker: STSS
- cik: 0001737995
- company_name: Sharps Technology Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737995/000149315223035242/0001493152-23-035242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737995/000149315223035242/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-035242
- JSON: https://secwatch.observer/filing/0001493152-23-035242.json
- Plain text: https://secwatch.observer/filing/0001493152-23-035242.txt

## Key facts
- Material Agreements
  Sharps Technology Inc. entered into "PIPE Agreement" with certain purchasers valued at approximately $2,827,853 (PIPE Offering aggregate gross proceeds) (effective 2023-09-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: approximately $2,827,853 (PIPE Offering aggregate gross proceeds)
  - Effective: 2023-09-27
  source text: On September 27, 2023, Sharps Technology, Inc., (the "Company") entered into a Securities Purchase Agreement (the "PIPE Agreement"), with certain purchasers (the "Purchasers"), for the issuance of 4,418,521 shares of common stock which includes 800,000 pre-funded warrants to acquire common stock in a registered direct offering (the "PIPE Offering"), at a purchase price of $0.64 per share priced at-the-market under NASDAQ rules.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737995/000149315223035242/0001493152-23-035242-index.htm

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