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Sharps Technology Announces $100 Million Stock Repurchase Program

1. STSS announced a $100 million stock repurchase program to boost shareholder value. 2. The company has acquired over 2 million SOL for its treasury strategy. 3. Forward-looking statements highlight potential risks in strategy execution and market conditions. 4. The buyback program indicates confidence in long-term growth prospects. 5. Market conditions and regulatory requirements will affect the timing of repurchases.

Shares Buyback
-0.44%Current Return
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+0.12%S&P 500
$6.7810/02 07:16 AM EDTEvent Start
$6.7510/02 11:15 PM EDTLatest Updated
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FAQ

Why Bullish?

Stock buyback programs typically indicate company confidence, potentially boosting stock prices. Historical examples show that such announcements have led to price increases.

How important is it?

The buyback signals management's confidence and attracts investors, likely enhancing price stability. The impact of treasury strategy details also holds investor interest.

Why Short Term?

The immediate market reaction can be observed shortly after the buyback announcement. Example: Similar announcements often lead to quick price spikes within weeks.

Related Companies

SOLNASDAQ: STSS
, /PRNewswire/ -- Sharps Technology, Inc. ("STSS" or the "Company") (NASDAQ: STSS) today announced a stock repurchase program to acquire up to $100 million of the company's outstanding common stock. This new stock repurchase program will enable the company to repurchase its shares in the open market and in negotiated transactions. STSS previously announced its plans to establish a Solanadigital asset treasury strategy and has acquired over 2 million SOL thus far. 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 Solanadigital asset treasury strategy, 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. This announcement contains forward-looking statements regarding Sharps Technology's stock buyback program. These statements reflect the company's current expectations and are subject to risks and uncertainties. The buyback program is intended to enhance shareholder value and demonstrates confidence in the company's long-term growth prospects. However, the timing, amount, and method of repurchasing shares will depend on market conditions, regulatory requirements, and other factors. There is no guarantee that the program will be completed as planned. These forward-looking statements are made in good faith and based on reasonable assumptions but are not guarantees of future performance. 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 a medical device sales and distribution company that 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 Prosek Partners for Sharps Technology[email protected] SOURCE Sharps Technology Inc WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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