Full Press Release Details
Technology Regains Compliance with Nasdaq Minimum Bid Price Listing Rule
YORK, May 22, 2025 (GLOBE NEWSWIRE) - Sharps Technology, Inc. (Nasdaq: "STSS" and "STSSW") ("Sharps"),
an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the
healthcare industry, announces that it has received a notice from Nasdaq confirming that the Company has regained compliance with The
Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share and the minimum stockholders' equity requirement
notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's
common stock will continue to be listed and traded on Nasdaq.
Hayes, CEO of Sharps Technology, commented: "Maintaining our listing on Nasdaq is of critical importance, and we are pleased to
have met the exchange's requirements to continue trading. Sharps is at a pivotal inflection point in its history as we transition
from the pre-revenue qualification phase to revenue-generating commercial operations. Over the past month, we received our first purchase
orders for SecureGard and SoloGard, and we will soon begin shipping product from our Hungary-based manufacturing facility. As we move
forward with commercial operations, we look forward to providing regular updates to our shareholders."
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. Sharps also offers products that are designed with specialized
copolymer technology to support the prefillable syringe market segment. The Company has a manufacturing facility in Hungary. For additional
information, please visit www.sharpstechnology.com.
This press release contains "forward-looking statements". Forward-looking statements reflect our current
view about future events. When used in this press release, the words "anticipate," "believe," "estimate,"
"expect," "future," "intend," "plan," "poised" or the negative of these terms
and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are
not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity,
and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business,
the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties,
risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by
the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We
caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing
operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought
against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in
government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations
and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or
planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us
to predict all of them. We cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no
obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this