Investornewsbreaks Sharps Technology, Inc. (NASDAQ: STSS, STSSW) Closes $400 Million Private Placement, Launches Solana Treasury Strategy

(MENAFN- Investor Brand Network) Sharps Technology (NASDAQ: STSS, STSSW) announced the closing of a $400 million private placement of common stock and stapled warrants priced at $6.50 per unit, with total proceeds potentially reaching $1 billion upon full warrant exercise. The Company will use the funds primarily to acquire SOL, the native token of the Solana blockchain, under a new digital asset treasury strategy, supported by a non-binding LOI with the Solana Foundation for a potential $50 million discounted purchase. Backed by a syndicate of global financial institutions and digital asset investors, Sharps intends to provide regular transparency updates on SOL holdings while continuing its medical device distribution operations.

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About Sharps Technology

Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry. The Company's product lines focus on providing ultra-low waste capabilities that incorporate syringe technologies that use both passive and active safety features. Sharps Technology also offers products that are designed with specialized copolymer technology to support the pre-fillable syringe market segment.

The Company has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain, leveraging capital markets raises that produce consistent on-chain yield generation. Sharps Technology will provide access to the Solana network, the fastest and most used blockchain in the world.

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