debt
confidence high
sentiment neutral
materiality 0.75
Sharps Technology completes $3.5M secured bridge financing with warrants
Sharps Technology Inc.
- Gross proceeds of ~$3.5M from sale of $4.375M principal amount of senior secured notes and 5.7M shares/pre-funded warrants.
- Net proceeds to be used for general corporate purposes and working capital.
- Aegis Capital acted as exclusive placement agent with 8% commission plus $80k reimbursement.
- Pre-funded warrants exercisable at $0.0001; registration statement required within 45 days of closing.
- Transaction closed on September 23, 2024.