Danner Paul K buys Sharps technology (STSS) stock worth $100

Director Danner Paul K. recently purchased 5 shares of Series B Preferred Stock of Sharps Technology Inc. (NASDAQ:STSS) at a price of $20.00 per share. The total value of this transaction, which occurred on July 15, 2025, amounted to $100. The purchase comes as STSS trades at $5.77, with a market capitalization of approximately $6 million. According to InvestingPro, the stock has declined nearly 99% year-to-date, reflecting significant market challenges.

According to a Form 4 filing with the Securities and Exchange Commission, after the purchase, Danner directly owns 5 shares of Series B Preferred Stock in Sharps Technology Inc.. With a weak overall financial health score and earnings per share of -$399.94, InvestingPro analysis reveals concerning fundamentals, with 12 additional key insights available to subscribers.

The purchase was part of a Subscription and Investment Representation Agreement where Sharps Technology agreed to sell the shares to Danner, its Executive Chairman, for $20.00 per share. Each share of Preferred Stock has 220,000 votes and votes with common stock on proposals to increase authorized common stock shares. The stock currently trades at 0.59 times book value, suggesting potential undervaluation despite its challenging market performance.

In other recent news, Sharps Technology Inc. has reported several significant developments. The company has begun shipping its smart-safety syringe products, marking a transition to generating commercial revenue. This includes a $400,000 purchase order under a $50 million supply agreement for SoloGard syringes and a $100,000 order for SecureGard syringes, indicating Sharps’ shift to commercial operations. Additionally, Sharps Technology completed a 1-for-300 reverse stock split, which is often used to consolidate shares and meet stock exchange listing requirements. Following this corporate action, the total number of outstanding common shares is now 1,019,078 as of May 7, 2025. The company also announced its return to compliance with Nasdaq’s listing requirements after adopting a necessary executive compensation recovery policy. Furthermore, Sharps Technology appointed Paul Danner as executive chairman, with Timothy Ruemler named as chairman of the Audit Committee. These changes reflect the company’s ongoing efforts to strengthen its leadership and governance structure.

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