Benzinga | Aug 25, 2021 05:16PM EDT

Sharps Compliance Corp. Announces Proposed Public Offering of Common Stock; No Terms Disclosed

Sharps Compliance Corp. (NASDAQ:SMED), a full service provider of waste management, today announced that it intends to offer shares of its common stock in an underwritten public offering. Sharps Compliance Corp. also expects to grant to the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.



Roth Capital Partners is acting as the sole manager for the offering.

Sharps Compliance Corp. intends to use the net proceeds from this offering for the acquisition of companies, businesses, or assets, as well as for general corporate purposes.

The offer and sale of the shares of common stock to be issued in the proposed offering have been registered under a shelf registration statement filed with the Securities and Exchange Commission (the "SEC") and declared effective on June 30, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement and accompanying prospectus will be filed with the Securities and Exchange Commission and, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC's website, www.sec.gov.