Latest news with #NevadaRevisedStatutes
Yahoo
24-04-2025
- Business
- Yahoo
Sharps Technology Announces Reverse Stock Split
NEW YORK, April 24, 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, today announced that it will effect a 1-for-300 reverse stock split (the "reverse split") of its common stock, par value $0.0001 per share (the "Common Stock"), that will become effective on April 27, 2025 at 11:59 PM Eastern Time, before the opening of trading on The Nasdaq Capital Market ("Nasdaq"). Sharps has requested that its Common Stock begin trading on April 28, 2025, on a post-reverse split basis on the Nasdaq under the existing symbol "STSS". The reverse split is primarily intended to bring Sharps into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq. The new CUSIP number for the Common Stock following the reverse split will be 82003F309. The reverse split was effected by the Sharps' Board of Directors (the "Board"), pursuant to Section 78.207 of the Nevada Revised Statutes, without shareholder approval as the reverse split provides for a proportionate reduction in the number of both the authorized and outstanding shares and does not adversely affect any other classes of stock of the Company. The Company's amended and restated Articles of Incorporation, filed with the Nevada Secretary of State, reduce the authorized common shares from 500,000,000 to 1,666,667 and effectuate a reverse split of 1-for-300. About Sharps Technology:Sharps 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 FORWARD-LOOKING STATEMENTS: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 release. Investor Contact: Holdsworth PartnersAdam HoldsworthPhone: 917-497-9287Email: IR@ in to access your portfolio
Yahoo
22-03-2025
- General
- Yahoo
Henderson neighborhood faces $1.3M in water troubles, residents ask for city's input
LAS VEGAS (KLAS) – A patchwork of asphalt spots in one Henderson neighborhood marks the yearslong water pipe issues which have raised a $1.3 million price tag and several resignation letters, according to neighbors. On Mar. 7, Renaissance Townhomes residents received an 'urgent community vote' notice indicating that 73 of their lateral water lines needed replacement. A special assessment showed the total cost would be $1,367,1680, which equals a $16,879 charge per home. 'This is a senior community, not by choice, but by happenstance,' Aldona Leskys, a 20-year Renaissance Townhomes resident, said. 'There's a lot of people on fixed incomes that really can't afford that, and I think it's unfair, and I think we should be looking for a different solution.' Lesksys said she has seen consistent water issues in the community which have forced several temporary fixes, but nothing she would consider substantive. 'Walk around the community, you'll always see something bubbling under the ground,' she said. 'It's not like it's not oil, unfortunately, it's water coming up.' Several Renaissance Townhomes residents spoke to 8 News Now about the problems in the community and flagged the water issues as recurring. The Renaissance HOA board wrote in their notice they would be moving forward with a financial strategy, but residents said their board has recently submitted letters of resignation. The City of Henderson responded to an 8 News Now request for comment on the issue and pointed out some details with the plumbing system. 'Renaissance Townhomes is a privately maintained water system, and we are limited in how we can intervene in matters related to private utilities/plumbing,' a city spokesperson wrote. 'Both the municipal code and Nevada Revised Statutes allow the City to step in only in very specific, life-threatening circumstances.' The issues at Renaissance Townhomes follow similar issues at Somerset Park, which the city stepped in to help but not for free. A city spokesperson confirmed staff were aware of the current issue. 'We will continue to evaluate the situation,' a city spokesperson wrote. 'We urge residents to work with their board of directors, legal counsel, and the Nevada Real Estate Division to explore all options for addressing the issue.' Lesksys reacted to the city's response and asked why the system being private was a problem since it was tied to the city system. 'We're tied into their water, and if they can't help us, then what do we do,' she said. 8 News Now reached out for a comment from Henderson Councilman Dan Stewart regarding the issues facing the constituents in his ward. 'He was just made aware of the issue today,' a spokesperson for Stewart told 8 News Now. 'And [he] will be monitoring it closely.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
