Sharps Technology OKs $100M share repurchase plan

Sharps Technology, Inc. approved a 2025 share repurchase program authorizing the company to buy back up to $100,000,000 of its outstanding common stock.

Rhea-AI Filing Summary

Sharps Technology, Inc. approved a 2025 share repurchase program authorizing the company to buy back up to $100,000,000 of its outstanding common stock. The program allows repurchases in the open market and through negotiated transactions, with the amount and timing of purchases depending on available capital, financial and operational performance, market conditions, securities law limits, and other factors, and does not obligate the company to repurchase any shares.

To facilitate these buybacks, Sharps Technology entered into an Open Market Share Repurchase Agreement with Cantor Fitzgerald & Co., which will act as a non-exclusive agent to repurchase shares under Rule 10b-18 of the Exchange Act. The agreement remains in effect until either party terminates it by written notice, and the company will pay the broker a commission of $0.02 per share repurchased.

Insights

Equity Capital Markets Analyst

Sharps authorizes up to $100M in flexible open-market buybacks.

Sharps Technology’s board approved a 2025 repurchase program for up to $100,000,000 of common stock. Repurchases may take place in the open market or via negotiated deals, giving the company multiple pathways to execute buybacks under changing market conditions. The authorization itself does not require the company to repurchase any shares.

The company also signed an Open Market Share Repurchase Agreement with Cantor Fitzgerald & Co., which will act as a non-exclusive agent for repurchases under Rule 10b-18 of the Exchange Act. Sharps will pay a commission of $0.02 per share bought through this arrangement, and either party can terminate the agreement by written notice. Actual impact on the share count will depend on future decisions about how much of the authorization to use.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sharps Technology (STSS) approve in its new 2025 Repurchase Program?

Sharps Technology’s board approved a 2025 share repurchase program authorizing the company to buy back up to $100,000,000 of its outstanding common stock, with purchases allowed in the open market and through negotiated transactions.

Is Sharps Technology required to repurchase the full $100,000,000 of stock under the program?

No. The 2025 Repurchase Program does not obligate Sharps Technology to repurchase any specific amount of common stock; the timing and size of repurchases will vary based on capital resources, performance metrics, market conditions, securities law limits, and other factors.

What agreement did Sharps Technology (STSS) sign with Cantor Fitzgerald & Co.?

Sharps Technology entered into an Open Market Share Repurchase Agreement with Cantor Fitzgerald & Co., under which Cantor will act as a non-exclusive agent to repurchase common stock in the open market pursuant to Rule 10b-18 of the Exchange Act.

What commission will Sharps Technology pay for share repurchases under the Cantor agreement?

Under the Repurchase Agreement, Sharps Technology will pay Cantor Fitzgerald & Co. a commission of $0.02 for each share of common stock repurchased.

How long will the Sharps Technology and Cantor Fitzgerald repurchase agreement remain in effect?

The Open Market Share Repurchase Agreement will continue in effect until terminated by either Sharps Technology or Cantor Fitzgerald & Co., with or without cause, upon written notice to the other party.

Under what rule will Sharps Technology’s share repurchases be conducted?

Repurchases under the agreement with Cantor Fitzgerald & Co. will be conducted pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, which provides a safe harbor for issuer repurchases.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/09/2025 - 07:00 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 6, 2025

SHARPS TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Nevada		001-41355		82-3751728
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

105 Maxess Road, Suite 124,

Melville, NY 11747

(Address of principal executive office) (Zip Code)

(631) 574-4436

(Registrants’ telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001		STSS		Nasdaq Capital Market
Common Stock Purchase Warrants		STSSW		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On October 2, 2025, the Board of Directors (the “Board”) of Sharps Technology, Inc. (the “Company”) approved a share repurchase program (the “2025 Repurchase Program”) providing for the repurchase of up to $100,000,000 of the Company’s outstanding shares of common stock (the “Common Stock”). The 2025 Repurchase Program enables the Company to repurchase its shares in the open market and in negotiated transactions. The Repurchase Program does not obligate the Company to repurchase shares of Common stock and the specific timing and amount of repurchases will vary based on available capital resources and other financial and operational performance metrics, market conditions, securities law limitations, and other factors.

In connection with the 2025 Repurchase Program, on October 6, 2025, the Company entered into an Open Market Share Repurchase Agreement (the “Repurchase Agreement”) with Cantor Fitzgerald & Co. (the “Broker”) whereby the Broker has agreed to act as a non-exclusive agent on behalf of the Company to repurchase shares of Common Stock in the open market pursuant to Rule 10b-18 of the Securities Exchange Act of 1934. The Repurchase Agreement will continue in effect until terminated by either the Company or the Broker, with or without cause, upon written notice to the other party. The Company will pay Broker a commission at a rate of $0.02 for each share of Common Stock repurchased pursuant to the Repurchase Agreement.

The foregoing description of the Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Repurchase Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01 Exhibits

(d) Exhibits.

Exhibit No.		Description
10.1+		Open Market Share Repurchase Agreement, dated October 6, 2025
104		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

+ Certain personally identifiable information has been omitted from this exhibit pursuant to Item 601(a)(6) of Regulation S-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Sharps Technology, Inc.
Dated: October 09, 2025	By:	/s/ Paul K. Danner
	Name:	Paul K. Danner
	Title:	Principal Executive Officer