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0 0.00449775112443768 -0.00149925037481269 -0.00149925037481269 0.00449775112443768 -0.00899550224887564 -0.00449775112443782 0.0149925037481259
Stock impact report

Sharps Technology Unveils $100M Solana Buyback – Are Treasury Firms Turning Sour on SOL? [Yahoo! Finance]

Sharps Technology Inc. (STSS) 
Company Research Source: Yahoo! Finance
The buyback will allow the company to purchase its common shares through open market and negotiated transactions, according to a statement released on Wednesday. The move comes just weeks after Sharps unveiled one of the most ambitious corporate blockchain finance strategies to date. In August, the firm secured a $400 million private investment in public equity (PIPE) deal , backed by ParaFi, Pantera Capital, and Monarq Asset Management, to establish what it called the world's largest Solana treasury. That financing was priced at $6.50 per unit, with stapled warrants exercisable at $9.75, and included pre-funded warrants pending the deal's closure. Sharps' Solana Holdings Grow to $448M as STSS Shares Tumble 43% At the time, Sharps also signed a memorandum of understanding with the Solana Foundation to purchase $50 million worth of SOL at a 15% discount to the 30-day average market price. The agreement showed deep alignment between the company and the foundation in buildin Show less Read more
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