NASDAQ-listed company Sharps $STSS announced the launch of a $400 million private sale (PIPE) at $6.5 per share, bundled with warrants with a three-year term and an exercise price of $9.75.
The lead underwriter Cantor Fitzgerald, founded by U.S. Treasury Secretary Lutnik.
The funds raised will be used to buy $SOL in the secondary market to initiate the SOL strategic reserve.
Sharps has signed a non-binding letter of intent with the Solana Foundation, in which the Solana Foundation will sell SOL worth $50 million at a price of 85% of the weighted average price over the past 30 days.
Key figures include: Executive Chairman Paul K. Danner; Chief Investment Officer and Board Member, co-founder of Jambo Alice Zhang; Strategic Advisor and Consultant, CEO and co-founder of Jambo James Zhang, who has previously worked for Coinbase, Bitmain, Messari, and others.
As of the pre-market on August 25, Sharps $STSS stock price surged 52%, quoted at $11.2, an increase of 72% compared to the offering price.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
NASDAQ-listed company Sharps $STSS announced the launch of a $400 million private sale (PIPE) at $6.5 per share, bundled with warrants with a three-year term and an exercise price of $9.75.
Investors include: ParaFi, Pantera, Monarq, FalconX, Phoenix Capital, Bastion Trading, RockawayX, Syncracy, Borderless, Republic Digital, Arche Capital, CoinFund, Arrington Capital, Quantstamp, CoinList Alpha, Primitive Ventures (DoveyWan Wan Hui), Avenir (Li Lin), Hypersphere, etc.
The lead underwriter Cantor Fitzgerald, founded by U.S. Treasury Secretary Lutnik.
The funds raised will be used to buy $SOL in the secondary market to initiate the SOL strategic reserve.
Sharps has signed a non-binding letter of intent with the Solana Foundation, in which the Solana Foundation will sell SOL worth $50 million at a price of 85% of the weighted average price over the past 30 days.
Key figures include: Executive Chairman Paul K. Danner; Chief Investment Officer and Board Member, co-founder of Jambo Alice Zhang; Strategic Advisor and Consultant, CEO and co-founder of Jambo James Zhang, who has previously worked for Coinbase, Bitmain, Messari, and others.
As of the pre-market on August 25, Sharps $STSS stock price surged 52%, quoted at $11.2, an increase of 72% compared to the offering price.