TLDR
- Sharps Technology stock jumped 82.32% in pre-market trading on August 25, 2025
- Company announced a $400+ million private placement to build the largest Solana digital asset treasury
- PIPE deal priced at $6.50 per unit with warrants exercisable at $9.75 for three years
- Plans to purchase $50 million of SOL tokens at 15% discount through Solana Foundation agreement
- Major investors include ParaFi, Pantera, FalconX, and other digital asset leaders
Sharps Technology stock exploded in pre-market trading Monday morning, gaining 82.32% after the company unveiled plans for what it calls the largest Solana digital asset treasury strategy. The dramatic move came after announcing a private placement exceeding $400 million.
The private investment in public equity transaction involves selling common stock and warrants at $6.50 per unit. Each unit comes with stapled warrants that can be exercised for three years at $9.75, representing a 50% premium to the unit price.
The deal is expected to close around August 28, subject to customary closing conditions. Sharps Technology plans to use the proceeds primarily to acquire Solana, the native digital asset of the Solana blockchain, in the open market.
The company has signed a non-binding letter of intent with the Solana Foundation to purchase $50 million of SOL at a 15% discount to a 30-day time-weighted average price. This purchase is contingent on certain conditions being met.
Alice Zhang, the company’s newly appointed Chief Investment Officer and Board member, explained the strategy. “Solana defines the standard for digital infrastructure, providing a high-throughput, low-cost, real-time settlement layer for everything from blue-chip equities to bonds to private assets,” she said.
Heavyweight Investor Backing
The private placement attracted investments from notable financial institutions and digital asset leaders. ParaFi, Pantera, Monarq, FalconX, Phoenix Capital, and Bastion Trading all participated in the round.
Additional investors include RockawayX, Syncracy, Borderless, Republic Digital, Arche Capital, and CoinFund. Arrington Capital, Quantstamp, CoinList Alpha, Primitive Ventures, Avenir, and Hypersphere also joined the investment.
This roster of investors represents some of the most respected names in digital asset investing. Their participation suggests strong confidence in Sharps Technology’s treasury strategy.
The company has also appointed James Zhang as a strategic advisor. Zhang is co-founder of Jambo and a prominent figure in the Solana ecosystem.
Strategic Advisory Team
Zhang will work with asset managers including Monarq Asset Management, ParaFi, and Pantera to develop the digital asset treasury. This collaboration brings together expertise from established crypto investment firms.
The advisory structure appears designed to maximize the effectiveness of the company’s digital asset strategy. These firms have extensive experience managing crypto portfolios and navigating market volatility.
Sharps Technology has been positioning itself at the forefront of technological advancements, particularly in artificial intelligence and machine learning. The company has been expanding its market reach through strategic partnerships and acquisitions.
The focus on research and development has been a key driver of growth. The company continues investing in technologies across various industries.
Both institutional and retail investors have shown strong interest in the stock. This reflects growing optimism about the company’s transformative potential in the tech sector.
The pre-market surge demonstrates investor enthusiasm for the Solana treasury strategy. Trading volume spiked as news of the private placement spread through financial markets.
The $400+ million raise represents one of the larger PIPE transactions in the current market environment. The pricing structure with warrants provides additional upside potential for investors.
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