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Sharps Technology Inc. (NASDAQ:STSS) announced Monday it has entered into a waiver and consent agreement with certain holders of its securities. According to a statement in the company’s SEC filing, the agreement was signed on Friday with holders who collectively own at least 50.1% of the outstanding registrable securities as defined in an earlier registration rights agreement dated August 25, 2025.
The waiver and consent agreement extends the deadline for Sharps Technology to file its initial resale registration statement with the Securities and Exchange Commission. The deadline, previously set for Monday, has been moved to the 60th calendar day following the closing date as defined in the registration rights agreement.
The company’s filing states that the waiver and consent applies specifically to the timing requirement for the registration statement and that other terms of the registration rights agreement remain in effect. The full text of the waiver and consent and the registration rights agreement were filed as exhibits to the current report.
Sharps Technology, based in Melville, New York, develops products in the surgical and medical instruments sector. Its common stock and common stock purchase warrants trade on the Nasdaq Capital Market under the symbols STSS and STSSW, respectively.
This information is based on a press release statement included in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Sharps Technology Inc. announced a significant private placement exceeding $400 million to enhance its Solana digital asset treasury strategy. This transaction, led by Cantor Fitzgerald & Co., involves the sale of common stock and warrants at $6.50 per unit, with the deal expected to close around August 28. Additionally, Sharps Technology has entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Aegis Capital Corp., allowing the company to sell shares of its common stock for up to $236.6 million.
In strategic moves, Sharps Technology has partnered with Jupiter Exchange to use its staking infrastructure as part of its treasury management, and with Pudgy Penguins to expand exposure in the Solana digital asset space. The partnership with Pudgy Penguins follows Sharps Technology’s acquisition of over two million SOL tokens valued at more than $400 million. On the corporate governance front, Paul Danner has been appointed as the executive chairman of the Board of Directors, replacing Soren Christiansen. Timothy Ruemler has been named chairman of the Audit Committee, while Christiansen has taken Danner’s former seat on the Compensation Committee.
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