---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-026137"
form_type: "8-K"
ticker: "STSS"
cik: "0001737995"
company_name: "Sharps Technology Inc."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:54:35.353823+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Sharps Technology closes $410M private placement, launches Solana treasury; could raise up to $1B

## Summary
- Gross proceeds ~$410.9M from ~24.3M shares at $6.50 plus pre-funded/stapled warrants; additional $600M possible if all warrants exercised.
- Launched Solana digital asset treasury strategy; current position over 2 million SOL; plans to acquire more in open market.
- Non-binding LOI with Solana Foundation for $50M SOL at 15% discount to 30-day TWA price, subject to conditions.
- Alice Zhang appointed CIO and Board member; brother James Zhang controls Strategic Advisor Sol Markets and Consultant Sol Edge; Strategic Committee formed.
- Key investors include ParaFi, Pantera, FalconX, Phoenix Digital, RockawayX, and others.

## SEC filing metadata
- accession: 0001641172-25-026137
- form_type: 8-K
- ticker: STSS
- cik: 0001737995
- company_name: Sharps Technology Inc.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737995/000164117225026137/0001641172-25-026137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737995/000164117225026137/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-026137
- JSON: https://secwatch.observer/filing/0001641172-25-026137.json
- Plain text: https://secwatch.observer/filing/0001641172-25-026137.txt

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