Sharps technology announces pricing of initial public offering

New york, april 13, 2022 (globe newswire) -- sharps technology, inc. (the “company”), an innovative medical device company offering patented, best-in-class, single use smart safety syringe products, today announced the pricing of its initial public offering of 3,750,000 common units. each common unit is being offered at a public offering price per common unit of $4.25 and consists of one share of common stock, par value $0.0001 and two warrants, to purchase one share of common stock for each whole warrant, with an initial exercise price of $4.25 per share. the gross proceeds of the offering are expected to be approximately $16 million before deducting underwriting discounts and commissions and offering expenses. the offering is expected to close on april 19, 2022, subject to satisfaction of customary closing conditions.
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