SkyAI to launch $3.00 cash tender for up to 95% of shares and warrants, a 65% premium to Oct 9 close

Sharps Technology Inc.

Tender offer at $3.00 in cash per share or warrant covers up to 95% of each class: common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants.
$3.00 equals a 65% premium to SKYA's Oct 9, 2026 close and over 100% to its 60-day VWAP; mNAV multiple of roughly 0.95x on ~70.6M shares/warrants.
Company holds ~$204.6M in cash and ~210,000 locked SOL as of Oct 14, 2026; recent SOL sales averaged $107.51 per SOL net via BitGo, Anchorage and Coinbase.
Offer expires one minute after 11:59 p.m. New York time on October 29, 2026, subject to a minimum condition for each class; Schedule TO to be filed October 15 after market close.
SkyAI expects to hold no SOL once the offer completes; MacKenzie Partners is information agent at (800) 322-2885.

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