Current Report Filing (8-k)
July 14 2022 - 4:07PM
Edgar (US Regulatory)
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2022-07-14
2022-07-14
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2022-07-14
2022-07-14
0001737995
STSS:CommonStockPurchaseWarrantsMember
2022-07-14
2022-07-14
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 14, 2022
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 |
|
STSSW |
|
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
2.01 Completion of Acquisition or Disposition of Assets
On July 8, 2022, Sharps Technology, Inc. ( the
“Company”) received notification from the Court of Registry (the “Court”) in Hungary advising that the Court
had registered the transfer of the shares of capital stock of Safegard Medical (Hungary) Kft. (“Safegard”) to the Company
completing the Company’s acquisition of Safegard(the “Acquisition”) from Numan Holding Ltd. (the “Seller”).
The Acquisition consisted primarily of Safegard’s syringe manufacturing facility in Hungary and the land on which it is located,
as well as certain equipment in the facility. The Company has operated the facility since June 2020 and used it to conduct research and
development activities and has added its own customized machinery and equipment to the facility. The purchase price of $2,500,000
was released to the Seller. The Company previously issued 28,571 shares of common stock and 35,714 warrants to purchase
common stock at $7.00 per share to the Seller.
Item
7.01 Regulation FD Disclosure.
On
July 14, 2022, the Company issued a press release announcing the closing of the Company’s acquisition of Safegard Medical (Hungary)
Kft.
The
information contained in the press releases are not deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, and are not incorporated by reference into any Securities Act registration statements.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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 14, 2022
|
SHARPS TECHNOLOGY, INC. |
|
|
|
/s/ Robert
M. Hayes |
|
Robert M. Hayes |
|
Chief Executive Officer |
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