Sharps Technology issues a shareholder letter from Robert Hayes, the Company’s Chief Executive Officer. “In order to continue Sharps Technology’s solid progress toward achieving its goals, I want to share with you the importance of the three proposals on the shareholder ballot and ask you to take a few moments to vote to approve them. Up for vote on the ballot are the following three proposals: To increase the authorized number of shares of common stock, if required for future equity transactions. To effectuate a reverse stock split of the Company’s common stock, at our discretion, at a ratio of up to 1-for-8, if required to maintain our Nasdaq listing. To issue securities in non-public offerings where the maximum discount will not exceed 20% below the market price of the Company’s common stock.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STSS:
- Sharps Technology Receives Purchase Orders for 1 Million SecureGard Syringes for 2024 Delivery
- Sharps Technology receives orders for 1M SecureGard safety syringes
- Sharps Technology Announces Key Information Disclosure
- Sharps Technology Urges Shareholders to Approve the Proposals in connection with the Special Meeting on July 15, 2024
- Sharps Technology ships first orders for Securegard to Colombian partner