Sharps Technology (STSS) Closes $3.5M Bridge Financing

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Go back to Sharps Technology (STSS) Closes $3.5M Bridge Financing

Sharps Technology, Inc. Closes $3.5 Million Bridge Financing

September 24, 2024 12:58 PM EDT

NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (NASDAQ: STSS) (the Company), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, today announced the closing of its previously announced secured bridge loan financing (the Bridge Financing) of approximately $3.5 million.

The Bridge Financing consisted of the sale of approximately $3.5 million in securities, with purchasers agreeing to buy, for each $1,000 invested, $1,250 in aggregate principal amount of secured notes (the Notes) and 1,628.57 shares of common stock (Common Stock), for an aggregate of $4,375,000 in principal amount of the Notes and 5,700,006... More