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Sharps Technology, Inc. ( (STSS) ) has issued an update.
Sharps Technology, Inc. has announced a one-for-22 reverse stock split of its common stock, effective October 15, 2024. This move aims to meet Nasdaq’s minimum bid price requirements, reducing shares from approximately 39.5 million to 1.8 million. Stockholders have approved the reverse split, which will not alter individual ownership percentages but will adjust securities and awards accordingly. Sharps remains focused on delivering innovative syringe products with minimal waste to the healthcare industry.
See more data about STSS stock on TipRanks’ Stock Analysis page.