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Sharps Technology Adopts Limited Duration Stockholder Rights Plan
Sharps Technology, Inc. ("Sharps Technology" or the "Company") (NASDAQ: STSS) today announced that its Board of Directors has adopted a limited duration stockholder rights plan (the "Rights Plan") to protect stockholder interests.
About this update from Sharps Technology Inc.
[{"type":"text","content":"MELVILLE, N.Y., May 14, 2026 /PRNewswire/ -- Sharps Technology, Inc. ("Sharps Technology" or the "Company") (NASDAQ: STSS) today announced that its Board of Directors has adopted a limited duration stockholder rights plan (the "Rights Plan") to protect stockholder interests.","length":305,"tagName":"p"},{"type":"image","alt":"Sharps Logo","displaySize":"","headline":null,"caption":"Sharps Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":85,"url":"https://media.zenfs.com/en/prnewswire.com/10600ff3b613bbc25829ec6ac5dc471d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cEwYRsBIiZkIXH6FaaxSpQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1MA--/https://media.zenfs.com/en/prnewswire.com/10600ff3b613bbc25829ec6ac5dc471d","width":400,"height":85},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/7P817A.O6N4wqM3Ttt0rvw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTEzNg--/https://media.zenfs.com/en/prnewswire.com/10600ff3b613bbc25829ec6ac5dc471d","width":400,"height":85}},"href":"https://mma.prnewswire.com/media/2980698/Sharps_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Board adopted the Rights Plan following recent accumulations of the Company's common stock in order to protect the interests of the Company and its stockholders. The Rights Plan is intended to better ensure that all stockholders have the opportunity to realize the value of their investment. Further, it is designed to reduce the likelihood that any person or group could obtain control of the Company through open market accumulation or other tactics without paying an appropriate control premium. The Rights Plan also provides the Board with sufficient time to make informed judgments and take actions that are in the best interests of the Company and its stockholders. It does not deter the Board from considering any offer or proposal that is fair and otherwise in the best interest of Sharps Technology's stockholders.","length":835,"tagName":"p"},{"type":"text","content":""The Board determined that adopting the Rights Plan is a prudent measure to guard against tactics to gain control of Sharps Technology without appropriately recognizing the full value of the Company," said Paul Danner, Executive Chair of the Board. "We remain focused on executing our transfor...