Form 8-K - Current report
July 18 2024 - 5:10PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): July 15, 2024
Sharps
Technology, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Nevada
(State
or Other Jurisdiction of Incorporation)
001-41355 |
|
82-3751728 |
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
105
Maxess Road, Melville, New York 11747
(Address
of Principal Executive Offices)
(631)
574 -4436
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.0001 par value |
|
STSS |
|
NASDAQ
Capital Market |
Common
Stock Purchase Warrants |
|
|
|
NASDAQ
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
5.07 Submission of Matters to a Vote of Security Holders.
At
the Special Meeting on July 15, 2024, 10,473,020 shares of the Company’s common stock were represented in person or by proxy out
of the 15,670,898 shares outstanding and entitled to vote as of May 17, 2024, the record date for the Special Meeting.. The voting results
for each of the proposals submitted to a vote of the stockholders of the Company at the Special Meeting are set forth below.
1. |
The
Company’s stockholders approved the amendment to the Company’s articles of incorporation to increase the authorized shares
of common stock from 100,000,000 shares to 500,000,000 shares (the “Authorized Common Stock Increase”) The results of
voting on the proposal are set forth below: |
Votes
For | |
Votes
Against | |
Abstain | |
Broker
Non-Votes |
8,557,014 | |
1,913,261 | |
2,745 | |
0 |
2. |
The
Company’s stockholders approved a proposal to authorize the Company’s Board of Directors (the “Board”), in
its discretion at any time within one year after stockholder approval is obtained, to amend the Company’s Articles of Incorporation
to effect a reverse stock split of shares of the Company’s common stock, at a ratio of up to 1-for-8, with the exact ratio
to be determined by the Company’s Board and included in a public announcement (the “Reverse Stock Split Proposal”): |
Votes
For | |
Votes
Against | |
Abstain | |
Broker
Non-Votes |
9,082,979 | |
1,390,040 | |
1 | |
0 |
3. |
The
Company’s stockholders approved a proposal for the issuance of securities in one or more non-public offerings where the maximum
discount at which the securities will be offered will be equivalent to a discount not to exceed 20% below the market price of our
common stock in accordance with Nasdaq Marketplace Rule 5635(d): |
Votes
For | |
Votes
Against | |
Abstain | |
Broker
Non-Votes |
6,532,809 | |
1,730,493 | |
2,937 | |
2,206,781 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date:
July 18, 2024
SHARPS
TECHNOLOGY, INC. |
|
|
|
/s/
Andrew R. Crescenzo |
|
Andrew
R. Crescenzo |
|
Chief
Financial Officer |
|
v3.24.2
Cover
|
Jul. 15, 2024 |
Document Type |
8-K
|
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false
|
Document Period End Date |
Jul. 15, 2024
|
Entity File Number |
001-41355
|
Entity Registrant Name |
Sharps
Technology, Inc.
|
Entity Central Index Key |
0001737995
|
Entity Tax Identification Number |
82-3751728
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
105
Maxess Road
|
Entity Address, City or Town |
Melville
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
11747
|
City Area Code |
(631)
|
Local Phone Number |
574 -4436
|
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|
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|
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|
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|
Entity Emerging Growth Company |
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|
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|
Common Stock, $0.0001 par value |
|
Title of 12(b) Security |
Common
Stock, $0.0001 par value
|
Trading Symbol |
STSS
|
Security Exchange Name |
NASDAQ
|
Common Stock Purchase Warrants |
|
Title of 12(b) Security |
Common
Stock Purchase Warrants
|
Trading Symbol |
STSSW
|
Security Exchange Name |
NASDAQ
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