Sharps Technology Strengthens Market Confidence with Advisor Lock-Up Agreement

Rhea-AI Summary

Sharps Technology (NASDAQ: STSS) announced a 90-day lock-up with SOL Markets, under which SOL Markets agreed not to sell or otherwise dispose of advisory warrants or any underlying shares issued for advisory and strategic support, effective January 16, 2026.

The agreement accompanies the company's recently approved $100 million share buyback program and is presented as a signal of alignment and confidence in STSS’s execution roadmap, partnerships, Solana treasury, and ongoing product R&D initiatives.

Positive

• Strategic advisor lock-up of advisory warrants for 90 days
• Board-approved share buyback program of $100 million

Negative

• Advisor-held warrants and shares remain outstanding, implying potential future dilution
• Lock-up restricts advisor liquidity for only 90 days, a short-term measure

Key Figures

Lock-up duration: 90 days Buyback authorization: $100 million Lock-up effective date: January 16, 2026 +5 more

8 metrics

Lock-up duration 90 days Voluntary sale restriction period for SOL Markets’ advisory warrants and shares

Buyback authorization $100 million Previously approved share repurchase program for STSS common stock

Lock-up effective date January 16, 2026 Effective date of SOL Markets’ 90-day lock-up agreement

Price move pre-news 5.5% 24-hour price change in STSS shares prior to article publication

52-week drawdown -99.61% Current price versus <b>$594.60</b> 52-week high before this news

Shelf proceeds potential $614,837,807.75 Maximum gross proceeds if all registered warrants are exercised

52-week low proximity 39.39% Current price above the <b>$1.65</b> 52-week low

Market cap pre-news $63,209,976 Implied equity value based on latest price before this article

Market Reality Check

Price: $2.37 Vol: Volume 962,811 is 12% abo...

normal vol

$2.37 Last Close

Volume Volume 962,811 is 12% above the 20-day average of 858,364, signaling elevated interest ahead of this news. normal

Technical Shares at $2.30 are trading below the 200-day MA of $5.44 and far under the $594.60 52-week high.

Peers on Argus

STSS gained 5.5% while peers were mixed: OSUR +2.62%, STXS +0.72%, INFU -1.26%, ...

STSS gained 5.5% while peers were mixed: OSUR +2.62%, STXS +0.72%, INFU -1.26%, NYXH -1.90%, UTMD +0.63%, pointing to a stock-specific reaction.

Historical Context

5 past events · Latest: Jan 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Crypto validator launch	Positive	+7.4%	Launch of institutional-grade Solana validator with Coinbase using STSS treasury.
Nov 17	Q3 2025 results	Positive	-7.1%	Reported strong growth and treasury execution, but shares fell after the update.
Oct 09	Treasury collaboration	Positive	+0.5%	Expanded Solana treasury strategy via Coinbase Prime custody and OTC services.
Oct 02	Buyback program	Positive	-0.4%	Announced <b>$100 million</b> stock repurchase program alongside Solana treasury strategy.
Sep 29	Crypto.com partnership	Positive	+2.7%	Strategic partnership with Crypto.com to manage and deploy Solana digital assets.

Pattern Detected

Recent news on Solana treasury strategy and capital actions often moved the stock, with a mix of aligned and divergent reactions, suggesting sentiment can be volatile around otherwise positive catalysts.

Recent Company History

Over the last several months, STSS has focused on its Solana-based digital asset treasury and capital markets strategy. Partnerships with Coinbase and Crypto.com and deployment of over 2 million SOL were followed by mixed price reactions, including moves of +7.41%, -7.14%, and +2.68%. A $100 million stock repurchase program was also announced. Today’s advisor lock-up and prior buyback approval both emphasize alignment and capital return themes on top of the existing crypto-treasury narrative.

Regulatory & Risk Context

Active S-3 Shelf · $614,837,807.75

Shelf Active

Active S-3 Shelf Registration 2025-10-23

$614,837,807.75 registered capacity

An effective resale shelf filed on Oct 23, 2025 registers shares and multiple warrant classes held by selling stockholders. STSS is not selling shares itself and would only receive up to $614,837,807.75 in gross proceeds if all registered warrants are exercised for cash. This structure allows existing holders, including strategic advisors, to resell, while potentially providing future capital to the company through warrant exercises.

Market Pulse Summary

This announcement pairs a 90-day lock-up by a key strategic advisor with a previously approved $100 ...

Analysis

This announcement pairs a 90-day lock-up by a key strategic advisor with a previously approved $100 million repurchase program, both highlighting alignment and capital return themes. In context with STSS’s larger Solana-focused treasury and recent partnerships, it underscores efforts to signal confidence while the stock trades far below its $594.60 52-week high. Investors may watch actual buyback execution, any warrant exercises under the S-3, and further updates on digital-identity initiatives and treasury strategy.

Key Terms

lock-up agreement, warrants, hedge, treasury, +1 more

5 terms

lock-up agreement financial

"entered into a 90-day lock-up agreement with SOL Markets"

A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.

warrants financial

"restrict sales of its advisory warrants and any underlying shares"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

hedge financial

"not to sell, transfer, assign, pledge, hedge, or otherwise dispose"

A hedge is an action or arrangement investors use to reduce the chance of losing money from a specific risk, like a sudden price drop or currency move. Think of it as financial insurance or an umbrella: it may cost something up front and can limit upside gains, but it protects the portfolio from bigger losses by offsetting or balancing the unwanted exposure. Hedging matters because it helps manage volatility and preserve capital, especially when uncertainty is high.

treasury financial

"in addition to its Solana treasury and upcoming product research"

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

non-deal roadshows financial

"conduct institutional investor-focused non-deal roadshows to actively engage"

Non-deal roadshows are organized in-person or virtual meetings where a company's management meets current or potential investors without offering securities for sale. They matter because these meetings let investors evaluate leadership, strategy and outlook firsthand—like an interview or audition—and can change investor confidence, broaden the shareholder base, and indirectly affect a company’s stock price even though no transaction occurs.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (NASDAQ: STSS) today announced that it has entered into a 90-day lock-up agreement with SOL Markets (the “Strategic Advisor”), pursuant to which SOL Markets has agreed to restrict sales of its advisory warrants and any underlying shares. The lock-up reflects strong conviction in STSS’s execution roadmap and reinforces alignment between the parties. This comes after the company's recent announcement that its Board of Directors approved a share buyback program for up to $100 million.

Under the terms of the agreement, the Strategic Advisor has voluntarily agreed not to sell, transfer, assign, pledge, hedge, or otherwise dispose of any warrants or underlying shares of STSS common stock for a period of 90 days from the date of signing this agreement. The lock-up arrangement applies to all warrants and underlying shares held by SOL Markets that were issued in connection with advisory and strategic support services and is effective as of January 16, 2026. This commitment reinforces the Strategic Advisor’s alignment with the objectives of STSS and demonstrates confidence in the strategic roadmap and anticipated growth of the combined initiatives.

“When a long-term partner voluntarily commits to a lock-up, it sends a powerful signal of alignment, conviction, and confidence in the Company’s future,” said Paul Danner, Executive Chairman of STSS. “We are pleased to have secured this commitment and believe it reflects the strength of our strategy and the opportunities ahead for Sharps.”

James Zhang, Strategic Advisor to STSS added, “We are proud to deepen our alignment with STSS through this lock-up agreement. We have not sold any shares or warrants thus far, and formalizing this commitment further reflects our confidence in Sharps’ strategy, execution discipline, and near-term catalysts. We believe Sharps is building toward a differentiated market position, and we are fully committed to supporting the Company’s next phase of growth.”

Through strategic partnerships, including with Coinbase, Crypto.com and Jupiter, in addition to its Solana treasury and upcoming product research and development initiatives, STSS is driving the development of a universal framework for digital identity and authentication.

STSS’s management team has been and continues to conduct institutional investor-focused non-deal roadshows to actively engage with the investment community and showcase the company's upcoming initiatives.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this release other than statements of historical fact are forward-looking statements, including statements regarding the Company’s execution of its Solana digital asset treasury strategy, the anticipated benefits of its collaboration with Sol Markets, Coinbase, Crypto.com and Jupiter, and the potential opportunities such initiatives may create for retail and institutional audiences. Forward-looking statements are based on current expectations, assumptions, and beliefs, and involve risks and uncertainties that could cause actual results to differ materially.

These risks and uncertainties include, among others: the Company’s ability to successfully execute its Solana treasury strategy; volatility in the market price of SOL and other digital assets; changes in the regulatory or legal environment; competitive pressures; and general market, economic, and business conditions. Additional risks are described in the “Risk Factors” section of the Company’s filings with the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website at www.sec.gov.

Forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future developments, or otherwise, except as required by law.

About Sharps Technology

Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class, smart-safety syringe products to the healthcare industry. The Company's product lines focus on providing ultra-low waste capabilities that incorporate syringe technologies that use both passive and active safety features.

The Company has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain, leveraging capital markets raises to power on-chain yield generation with the Solana Ecosystem.

Contact
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FAQ

What did Sharps Technology (STSS) announce on January 16, 2026?

STSS announced a 90-day lock-up with SOL Markets on advisory warrants and underlying shares, effective January 16, 2026.

How large is the Sharps Technology (STSS) share buyback program?

The Board approved a share buyback program of up to $100 million.

What does the SOL Markets lock-up mean for STSS shareholders?

It temporarily prevents SOL Markets from selling advisory warrants and underlying shares for 90 days, signaling alignment with management.

When does the SOL Markets lock-up on STSS warrants expire?

The lock-up is effective January 16, 2026 and lasts for 90 days from signing.

Does the STSS announcement mention partnerships or product plans?

Yes; it references partnerships with Coinbase, Crypto.com, Jupiter, a Solana treasury, and upcoming product R&D initiatives.