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Aegis Capital Corp. Acted as Exclusive Placement Agent on a $3.5 Million Bridge Financing for Sharps Technology, Inc. (NASDAQ:STSS)

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Aegis Capital Corp. has successfully acted as the Exclusive Placement Agent for a $3.5 Million Bridge Financing for Sharps Technology, Inc. (NASDAQ:STSS). This significant financial transaction took place on September 27, 2024 in New York, NY. The bridge financing represents a important capital injection for Sharps Technology, a company listed on the NASDAQ stock exchange under the ticker symbol STSS.

Bridge financing is typically a short-term loan used to cover immediate costs until a company can secure longer-term funding or complete a specific transaction. This $3.5 million financing could provide Sharps Technology with essential working capital or support strategic initiatives in the near term.

Aegis Capital Corp. ha agito con successo come Agente di Collocamento Esclusivo per un Finanziamento Bridge di $3,5 Milioni per Sharps Technology, Inc. (NASDAQ:STSS). Questa significativa transazione finanziaria ha avuto luogo il 27 settembre 2024 a New York, NY. Il finanziamento bridge rappresenta un'importante iniezione di capitale per Sharps Technology, una società quotata presso la borsa NASDAQ con il simbolo STSS.

Il finanziamento bridge è tipicamente un prestito a breve termine utilizzato per coprire costi immediati fino a quando un'azienda non riesce a garantire finanziamenti a lungo termine o completare una transazione specifica. Questo finanziamento di $3,5 milioni potrebbe fornire a Sharps Technology un capitale circolante essenziale o supportare iniziative strategiche nel breve termine.

Aegis Capital Corp. ha actuado con éxito como Agente de Colocación Exclusivo para un Financiamiento Bridge de $3.5 Millones para Sharps Technology, Inc. (NASDAQ:STSS). Esta transacción financiera significativa tuvo lugar el 27 de septiembre de 2024 en Nueva York, NY. El financiamiento bridge representa una importante inyección de capital para Sharps Technology, una empresa cotizada en la bolsa NASDAQ bajo el símbolo STSS.

El financiamiento bridge es típicamente un préstamo a corto plazo utilizado para cubrir costos inmediatos hasta que una empresa pueda asegurar financiamiento a largo plazo o completar una transacción específica. Este financiamiento de $3,5 millones podría proporcionar a Sharps Technology el capital de trabajo esencial o apoyar iniciativas estratégicas a corto plazo.

Aegis Capital Corp.독점 배급 대리인으로서 Sharps Technology, Inc. (NASDAQ:STSS)를 위한 350만 달러의 브릿지 자금 조달을 성공적으로 수행했습니다. 이 중요한 재무 거래는 2024년 9월 27일에 뉴욕에서 이루어졌습니다. 브릿지 자금 조달은 Sharps Technology에 대한 중요한 자본 주입을 나타내며, 이 회사는 NASDAQ 증권 거래소에서 STSS라는 종목 기호로 상장되어 있습니다.

브릿지 자금 조달은 일반적으로 회사가 장기 자금을 확보하거나 특정 거래를 완료할 때까지 즉각적인 비용을 충당하기 위해 사용되는 단기 대출입니다. 이 350만 달러의 자금 조달은 Sharps Technology에 필수적인 운영 자본을 제공하거나 단기적으로 전략적 이니셔티브를 지원할 수 있습니다.

Aegis Capital Corp. a agi avec succès en tant que Agent de Placement Exclusif pour un Financement Bridge de 3,5 millions de dollars pour Sharps Technology, Inc. (NASDAQ:STSS). Cette transaction financière significative a eu lieu le 27 septembre 2024 à New York, NY. Le financement bridge représente une injection de capital importante pour Sharps Technology, une entreprise cotée à la bourse NASDAQ sous le symbole STSS.

Le financement bridge est généralement un prêt à court terme utilisé pour couvrir des coûts immédiats jusqu'à ce qu'une entreprise puisse sécuriser un financement à long terme ou finaliser une transaction spécifique. Ce financement de 3,5 millions de dollars pourrait fournir à Sharps Technology un fonds de roulement essentiel ou soutenir des initiatives stratégiques à court terme.

Aegis Capital Corp. hat erfolgreich als Exklusiver Platzierungsagent für eine Bridge-Finanzierung in Höhe von 3,5 Millionen USD für Sharps Technology, Inc. (NASDAQ:STSS) fungiert. Diese bedeutende finanzielle Transaktion fand am 27. September 2024 in New York, NY, statt. Die Bridge-Finanzierung stellt eine wichtige Kapitalzufuhr für Sharps Technology dar, ein Unternehmen, das an der NASDAQ-Börse unter dem Tickersymbol STSS gelistet ist.

Bridge-Finanzierungen sind typischerweise kurzfristige Kredite, die verwendet werden, um sofortige Kosten zu decken, bis ein Unternehmen langfristige Finanzierung sichern oder eine bestimmte Transaktion abschließen kann. Diese Finanzierung über 3,5 Millionen USD könnte Sharps Technology mit wichtigen Betriebskapital versorgen oder strategische Initiativen in naher Zukunft unterstützen.

Positive
  • Secured $3.5 Million in bridge financing
  • Engagement of Aegis Capital Corp. as Exclusive Placement Agent
Negative
  • None.

Insights

The $3.5 million bridge financing for Sharps Technology (STSS) is a significant development for a company with a market cap of just $4.45 million. This capital injection represents nearly 79% of the company's current market value, which is substantial.

Bridge financing is typically used to provide short-term capital until a company can secure longer-term funding or reach a specific milestone. For STSS, this could indicate:

  • Preparation for a larger funding round or strategic transaction
  • Support for ongoing operations or specific growth initiatives
  • Addressing immediate liquidity needs

The involvement of Aegis Capital Corp. as the exclusive placement agent lends credibility to the transaction. However, investors should note that bridge financing often comes with higher costs and potential dilution. The terms of this financing, including interest rates and any equity components, will be important to assess the long-term impact on shareholders.

Given the size of this financing relative to STSS's market cap, it's likely to have a significant impact on the company's financial position and future prospects. Investors should closely monitor how the funds are utilized and any subsequent strategic moves by the company.

NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Bridge Financing for Sharps Technology, Inc. (NASDAQ:STSS).

About Sharps Technology, Inc.

Sharps Technology, Inc., a medical device company, engages in the design, research and development, manufacturing, and commercialization of safety syringe products in the United States. The company provides safety syringe products comprising Securgard, Sologard, and Sharps Provensa that are ultra-low waste syringes for passive, and safety and reuse prevention features, as well as develops prefillable syringe systems. Sharps Technology, Inc. was incorporated in 2017 and is based in Melville, New York.

For more information, please visit: https://sharpstechnology.com

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.

www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.



View the original press release on accesswire.com

FAQ

What is the amount of bridge financing secured by Sharps Technology (STSS)?

Sharps Technology (NASDAQ:STSS) secured $3.5 Million in bridge financing.

Who acted as the Exclusive Placement Agent for Sharps Technology's (STSS) bridge financing?

Aegis Capital Corp. acted as the Exclusive Placement Agent for Sharps Technology's (NASDAQ:STSS) $3.5 Million bridge financing.

When did Sharps Technology (STSS) complete its $3.5 Million bridge financing?

Sharps Technology (NASDAQ:STSS) completed its $3.5 Million bridge financing on September 27, 2024.

What is the stock symbol for Sharps Technology on NASDAQ?

The stock symbol for Sharps Technology on NASDAQ is STSS.

Sharps Technology Inc.

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Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
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United States of America
MELVILLE