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Sharps Technology, Inc. ( (STSS) ) just unveiled an announcement.
Sharps Technology, Inc. is rallying its shareholders to vote for a proposed reverse stock split, aiming to maintain NASDAQ listing compliance by meeting the minimum bid price requirement. The company’s Board of Directors recommends a range for the reverse split following discussions with NASDAQ, emphasizing the move’s importance for preserving shareholder value and the company’s growth potential. Shareholders are urged to vote ahead of the October 7, 2024 meeting, with the promise that the approved reverse split will not alter their percentage ownership, only reducing the number of outstanding shares to boost share price.
See more data about STSS stock on TipRanks’ Stock Analysis page.
