Sharps Compliance (SMED) Prices 1.8M Share Offering at $8.65/sh

Sharps Compliance Corp. (Nasdaq: SMED) (the “Company”) today announced the pricing of an underwritten public offering of 1,800,000 shares of its common stock at a public offering price of $8.65 per share. The Company has also granted to the underwriters a 30-day option to acquire an additional 270,000 shares to cover overallotments in connection with the offering. After the underwriting discount and before estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $14.8 million, assuming no exercise of the overallotment option. The offering is expected to close on August 30, 2021, subject to customary closing conditions.

Roth Capital Partners is acting as sole manager for the offering.

Sharps Compliance Corp. intends to use the net proceeds from this offering for the acquisition of companies, businesses, or assets, as well as for general corporate purposes.

The offer and sale of the shares of common stock, as described above, have been registered under a shelf registration statement previously filed with and declared effective on June 30, 2021 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement and final prospectus supplement, when filed, and the accompanying base prospectus relating to this offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC’s website, www.sec.gov.

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