Aegis Capital Corp. Acted as Exclusive Placement Agent on a $3.5 Million Bridge Financing for Sharps Technology, Inc. (NASDAQ:STSS)
Rhea-AI Summary
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.
Positive
- Secured $3.5 Million in bridge financing
- Engagement of Aegis Capital Corp. as Exclusive Placement Agent
Negative
- None.
News Market Reaction
On the day this news was published, STSS gained 3.72%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a
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.
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)?
Who acted as the Exclusive Placement Agent for Sharps Technology's (STSS) bridge financing?
When did Sharps Technology (STSS) complete its $3.5 Million bridge financing?
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