[Prudent Capitalist]

Shorts are caught with their pants down this am.

Sharps Technology Begins First Shipments of Smart Safety Syringes For 3 Client Orders; Shares Up Pre-Bell

08:23:59 AM ET, 06/04/2025 - MT Newswires

08:23 AM EDT, 06/04/2025 (MT Newswires) -- Sharps Technology (STSS) said Wednesday it has initiated first shipments of its SecureGard and SoloGard smart safety syringes relating to three client orders from its manufacturing site in Hungary.

The company began shipment of its first commercial order of Sologard to a US-based IV flushing services provider under a previously announced $50 million agreement, while it has also delivered SecureGard syringes to a Hungarian vaccine provider after securing a $100,000 purchase order, Sharps said.

The total purchase commitments reached roughly $500,000 with the two orders, the company said.

The medical device and pharmaceutical packaging company also said it started a 200,000-unit shipment of 1mL low dead-volume syringes to a Switzerland-based global provider of cosmetic, dental, and ophthalmic injectable therapies.

Shares were up more than 53% in recent premarket activity.

[Prudent Capitalist]

Shorts have hit STSS hard since the RS with the number of shares in short position increasing 10-fold in the last month on a post-RS adjusted basis. As of 5/15 11.34% of STSS shares outstanding were sold short.

[rbl100]

That is just what I did. They said the transfer agent still has not dispersed my $3.00 and change for my cash out. And to give it another month. I guess I am not getting a full share. I remember years ago companies would ROUND UP to a whole share. No more now. None of them do that anymore even though they SAY IT in their press release notices. They all LIE like rugs.

[Prudent Capitalist]

Check with your broker where you held the shares. I truly feel for anyone who held shares in STSS prior to the severe drop in share price following the funding and into the RS. I was not following it until it was called to my attention the day prior to the RS, based on the trailing 3-month and 6-month charts, and the fact that STSS had a large chunk of cash on hand coming out of the RS to move forward to fill the orders under the $50 million SoloGuard Supply Agreement. Waited for the expected drop post-RS and fired at some shares down in the $4's prior to the spike up above $7 on the news of the first significant order.

[rbl100]

STILL no cash out or a share for me. WTF ???

[rbl100]

Well no cash out yet. I never get my money I am owed. I had 160 shares.

[Prudent Capitalist]

Company website has been corrected and there are just 1.02 million shares outstanding following the RS. Current total authorized shares outstanding is 1.667 million. Very low share structure here and very low public float.

Cash currently held by the company is now over 3X the current market cap following the recent drops in share price. Trailing 1-month high is $15.60 and trailing 3-month high is $211.20. the recent funding turned many investors off but now with actual orders and revenue coming in this looks primed for a nice bounce back.

[Prudent Capitalist]

You would have been cashed out. as you did not have sufficient shares for the RS. With 150 shares, and STSS closing at .02 the day before the RS, you should have received around $3.00. I found this example on-line:

For example, if a company does a reverse split of 100 shares to one, any shareholder who has fewer than 100 shares would not get a share. Instead, their shares would be exchanged for cash. For those investors, that means they no longer own a piece of a company.

[rbl100]

Anyone know what happens with less than 300 shares? I had 150 shares only. Do I get rounded up or cashed out ? I have NOTHING in my account yet. If I have too, I will visit the company IN PERSON since I know exactly where they are in Melville.

[Prudent Capitalist]

The share structure here is a lot lower now. The STSS investor section of the company's website lists just 54.45K shares, but most services list the current OS as being 1.02 million shares. I have inquired withy STSS IR for clarification. Either way the current OS shares out of just 1.667 million authorized is very low given that the company has cash in the bank and zero debt. And news this week of the first order under the 500-million-unit agreement was a positive. More news expected going forward.

Nice O/S 16 mill. This could run hard with the right update

[Prudent Capitalist]

Complete detailed STSS Investor Deck:

https://ir.sharpstechnology.com/pechoagl/2024/09/NASDAQ-Investor-Deck-9.10.202420-Read-Only.pdf

[Prudent Capitalist]

And back down she comes. There was likely quite a bit of short covering early today.

[TrendTrade2016]

Pre market scalp

[Prudent Capitalist]

STSS was way oversold going into the RS earlier this week. With $$$$ in the bank and zero debt, this a.m.'s news of this first order under the 500-million-unit agreement starts the revenue stream here. With trailing 3-month high of $197.50 on a post-RS basis this share price has a lot of room to surge upward going forward.

[Prudent Capitalist]

Shorts got caught with their pants down this am on the news.

[Prudent Capitalist]

Very positive development. Took an initial position yesterday at $4.95 just because of the 3-month chart, and drop after R/S. The attractive aspect of this is they have plenty of money to get into production to fulfill the 500-million-unit order and there is zero debt. Wish I would have gotten more under $5 but held back some powder in case it went lower. The 52-week trading range is outrageous here after the Reverse Split a Frew days ago: 52-week range $3.39 - $5,495.85. Trailing 3-month high on the 3-month chart is $197.50. This ticker was way oversold after the recent dilutive $20 million funding and announcement of the 1-for-300 R/S.

[corvatsch]

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) – Sharps Technology, Inc. (NASDAQ: “STSS” and “STSSW”) (“Sharps”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry, today announced the receipt of a $400,000 purchase order from a U.S. leader in IV flushing solutions. This marks the first order under the previously announced $50 million supply agreement from July 2024.



“This order represents a transformative moment for Sharps Technology as we begin generating revenue and delivering on our commitment to shareholders,” said Robert Hayes, Chief Executive Officer of Sharps Technology. “Our strategic partnership is now moving from the agreement to the execution phase, with this initial order serving as the foundation for accelerating volume in the quarters ahead. Our Hungarian manufacturing facility is fully prepared to deliver these first orders of pump-compatible 10mL SoloGard syringes, allowing Sharps to recognize our first revenue of 2025. We look forward to advancing this supply agreement and delivering long-term value to our shareholders.”



The order initiates the landmark agreement announced in July 2024, under which Sharps will supply approximately 500 million customized 10mL SoloGard syringes to the U.S.-based supplier of medical saline and water products over a five-year period. The agreement is expected to generate approximately $50 million in revenue during its term.



Sharps has strategically invested in advanced production technology for SoloGard manufacturing and will soon begin installation and operational qualification to support increased production capacity. Sharps continues to work closely with the customer to finalize product qualification and optimize production processes to meet the growing demand anticipated under the agreement.

[TrendTrade2016]

STSS BREAKING 7.00

[TrendTrade2016]

STSS PRE MARKET POST SPLIT POP

[eliminate]

scooped by the dark forces
Connected to Tren De Aragua

[INEEDMONEY]

R/s gets declined and of it goes?

[INEEDMONEY]

Nice O/S 16 mill. This could run hard with the right update

[INEEDMONEY]

Pretty heavy volume here the past few days. Is this goin to go places?? What's the deal here 

[nightshade20]

I surprised nobody is talking about this stock! It's very bullish! 

[BadCuda]

1.56 billion shares so far ???  naked shorts maybe but I'm scratching my head with the volume and price action today . 

[chumfm]

Don't think a 11/1 RS or a 50/1 RS is going to do anything for complaince.Without input from the company, the shares will continue to slide.They will have to go to the OTC markets.This is what happens when you have lack of qualified management.Good luck and good trading.

[eliminate]

Everybody
at the bottom of Mel's hole has a pair of Chinese chop sticks.

[Zardiw]

Cool.......Let's see a real move here.........

Z

[nightshade20]

I'm back in as of yesterday! 🙏🏾

[Zardiw]

1-3 to 1-11 RS is pretty mellow...........fwiw..........I could see $STSS make a real run here......You might wanna get back in...............

Z

[eliminate]

Looks like this one fell down Mell's hole
to the bottom where everything else on the OTC has already landed.

[nightshade20]

Lost all faith in this stock. Jumped out of the window!

[mgland]

"Voting 'FOR' the Proposed Stock Split is Crucial to Keep STSS Listed on Nasdaq and Prevent Delisting to the OTC Markets."
Your right. Going to the OTC is not the end of the world. This is a good lotto
bought a ticket

[Bubae]

Interesting play setting up here again. Hard to believe that this wouldn't trade higher than 3 on the OTC. It is down not because of fundamentals but because of who all is playing with it. Me included. 🤭 If they sell off on delist news which I expect, I plan to double my position. The possibilities. 🤫

[tw0122]

Load those .02s looking for .10

[mgland]

from 10K
As of March 25, 2025, 16,333,897 shares of the registrant’s common stock, par value $.0001 per share, were issued and outstanding.

[BadCuda]

I meant to say they might be the listing and going to another exchange

[BadCuda]

I just spoke with the investor relations person Adam and he said the vote did not go for it went against so all these millions of shares were seeing ripping through all the old investors going back some years digesting so they're getting out. On a positive note, he said the sales report is coming in soon and hopes to update everybody as fast as possible -they want to be transparent. Not sure what this does to the stock cause theyre already at three cents, so 10 million shares on the float is not accurate with all the warrant people selling off I'm not sure how many shares are out there currently. I know the last deal the financiers ended up with 28 million, and the last 2 bridge loans were up to 1/2 million warrants each . They never got approval to do these finance deals, so we'll see how that turns out, They might be less than going into another exchange, of course after they release their sales. 

[glenn1919]

STSS..............................................https://stockcharts.com/h-sc/ui?s=STSS
&p=W&b=5&g=0&id=p86431144783

[hondaboost]

What's the result for shareholder meeting?

[Golden Cross]

Nothing has been announced yet as I see about it...

[Natural Trader]

do you know when r/s will take effect?

[nightshade20]

184m on volume! As of 2:47pm. Thank you for the advice. I'll sell 1/2 of what I have. Just haven't heard any news on the meeting today?

[Golden Cross]

At this point I would stay or ave down...seems to be basing here with a lot of churning vol here... I got stopped out after that little pop it had...

[Craig305]

This is acting as if it will be delisting.

[nightshade20]

Need help with this! Should I sell it all or stay for the reverse split??

[Golden Cross]

$STSS Company is strategically positioned following the recent $20 million capital raise, enhancing manufacturing capabilities to accelerate qualification and shipments under existing agreements
https://finance.yahoo.com/news/sharps-technology-ceo-issues-corporate-120000383.html

[Golden Cross]

$STSS- Syringes demand will be up with measles all over the news. No overnight risk here just upside potential

[benhor]

 $STSS Short Squeeze Coming 

[benhor]

$STSS Reloading stock going to rebound