Sharps Technology issues super-voting preferred stock to Executive Chairman for $100; controls vote on share increase

Sharps Technology Inc.

Issued 5 shares of Series B Preferred Stock to Executive Chairman Paul Danner for $100 total ($20/share) on July 17, 2025.
Each preferred share has 220,000 votes, but only on a proposal to increase authorized common shares; votes proportionally with common.
Preferred shares are non-convertible, no dividends, no liquidation rights; redeemable at $100 upon board order or after share increase.
Transaction is a related-party unregistered sale exempt under Section 4(a)(2); Certificate of Designation filed July 16.

item 1.01 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sharps Technology Inc.: Certificate of Designation designating rights, preferences, privileges of Preferred Stock, filed with Nevada Secretary of State (effective 2025-07-16).

Change: charter amendment
Effective: 2025-07-16

Exact text from the filing

On July 16, 2025, the Company filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of Nevada, effective 12:00 p.m. PDT, designating the rights, preferences, privileges and restrictions of the shares of Preferred Stock.

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Source: SEC EDGAR

accession 0001641172-25-020215

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