Sharps Technology faces Nasdaq delisting, shareholders approve reverse split and share increase

Sharps Technology Inc.

Nasdaq notified Sharps Technology of non-compliance due to bid price below $1.00 for 30 consecutive days.
Company failed to regain compliance by July 8, 2024; delisting set for July 18 unless hearing requested by July 16.
At July 15 special meeting, stockholders approved increase of authorized common shares from 100M to 500M.
Stockholders also authorized reverse stock split up to 1-for-8, with ratio to be determined by the board.
Stockholders approved issuance of securities in non-public offerings at up to 20% discount below market price.

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