New insider activity at Sharps Technology, Inc. ( (STSS) ) has taken place on April 2, 2025.
CEO Robert Michael Hayes has made a significant move by purchasing 300,000 shares of Sharps Technology, Inc. stock, with the transaction valued at $10,750. This acquisition highlights a strong vote of confidence in the company’s future prospects.
Recent Updates on STSS stock
Sharps Technology, Inc. has recently urged its shareholders to vote in favor of a proposed reverse stock split at the upcoming shareholder meeting. This move is essential for maintaining the company’s Nasdaq listing by ensuring compliance with the minimum bid price requirement. The company emphasized that failure to approve the proposal could lead to delisting to the OTC Markets, adversely affecting liquidity and shareholder value. Additionally, Sharps Technology is focusing on strategic growth and operational efficiency, with plans to drive revenue from agreements and expand manufacturing. The company is utilizing recent financing to support its growth strategy, with early production and shipments expected in 2025.
More about Sharps Technology, Inc.
YTD Price Performance: -98.63%
Average Trading Volume: 21,386,260
Technical Sentiment Signal: Buy
Current Market Cap: $488.4K