QualityStocksNewsBreaks – Sharps Technology, Inc. (NASDAQ: STSS, STSSW) Closes $400 Million Private Placement, Launches Solana Treasury Strategy
Sharps Technology (NASDAQ: STSS, STSSW) announced the closing of a $400 million private placement of common stock and stapled warrants priced at $6.50 per unit, with total proceeds potentially reaching $1 billion upon full warrant exercise. The Company will use the funds primarily to acquire SOL, the native token of the Solana blockchain, under a new digital asset treasury strategy, supported by a non-binding LOI with the Solana Foundation for a potential $50 million discounted purchase. Backed by a syndicate of global financial institutions and digital asset investors, Sharps intends to provide regular transparency updates on SOL holdings while continuing…
