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Sharps Technology (NASDAQ: STSS) enters 90-day lock-up with Sol

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sharps Technology, Inc. reported that on January 15, 2026 it entered into a 90-day lock-up agreement with Sol Markets, described as its strategic advisor. Under this agreement, Sol Markets agreed that for ninety days it will not offer, sell, pledge or otherwise dispose of any Sharps common stock or any securities that can be converted, exchanged or exercised into Sharps common stock that it beneficially owns or later acquires.

The company also noted that on January 16, 2026 it issued a press release announcing, among other items, its entry into this lock-up agreement. The lock-up terms are intended to temporarily restrict potential share sales by this advisor, and the full agreement and press release are included as exhibits to the report.

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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): January 15, 2026

 

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 January 15, 2026, Sharps Technology, Inc. (the “Company”) entered into a lock-up agreement (the “Agreement”) with Sol Markets, a Cayman Islands exempt company (the “Strategic Advisor”), pursuant to which, for a period of ninety (90) days from the date thereof, the Strategic Advisor has agreed not to offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of any shares of common stock of the Company or securities convertible, exchangeable or exercisable into, shares of common stock of the Company beneficially owned, held or hereafter acquired by the Strategic Advisor.

 

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

 

Item 8.01 Other Events.

 

On January 16, 2026, the Company issued a press release announcing, amongst other things, the company entering into the Agreement with Sol Markets.

 

The Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

The information furnished under this Item 8.01 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
10.1   Lock-up Agreement, dated January 15, 2026, by and between Sharps Technology, Inc. and SOL Markets.
99.1   Press Release dated January 16, 2026
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

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: January 16, 2026 By: /s/ Paul K. Danner
  Name: Paul K. Danner
  Title: Principal Executive Officer

 

 

 

 

FAQ

What did Sharps Technology (STSS) disclose in this 8-K filing?

Sharps Technology disclosed that it entered into a 90-day lock-up agreement with Sol Markets, its strategic advisor, restricting Sol Markets from selling or otherwise disposing of Sharps common stock and related convertible or exercisable securities it beneficially owns or acquires during that period.

Who is Sol Markets in relation to Sharps Technology (STSS)?

Sol Markets is identified as a Cayman Islands exempt company serving as a strategic advisor to Sharps Technology, and it is the counterparty to the 90-day lock-up agreement on Sharps common stock and related securities.

How long does the Sol Markets lock-up agreement with Sharps Technology last?

The lock-up agreement between Sharps Technology and Sol Markets lasts for ninety (90) days from January 15, 2026, during which Sol Markets agreed not to offer, sell, pledge or otherwise dispose of covered Sharps securities it beneficially owns or acquires.

What types of Sharps Technology securities are covered by the Sol Markets lock-up?

The agreement covers Sharps Technology common stock and any securities that are convertible, exchangeable or exercisable into shares of Sharps common stock that are beneficially owned, held or later acquired by Sol Markets during the lock-up period.

Did Sharps Technology issue a press release about the Sol Markets lock-up?

Yes. Sharps Technology stated that on January 16, 2026 it issued a press release announcing, among other matters, its entry into the lock-up agreement with Sol Markets, and this press release is filed as Exhibit 99.1.

Where can investors find the full terms of the Sharps Technology lock-up agreement?

The full lock-up agreement between Sharps Technology and Sol Markets is filed as Exhibit 10.1 to the report and is incorporated by reference for those seeking complete contractual details.
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