US-listed Sharps plans to raise $400 million to purchase Solana

Son Min

Summary

Sharps Technology announced plans to raise more than $400 million to buy Solana (SOL) in the open market.
It also revealed plans to work with the Solana Foundation to purchase $50 million worth of SOL at a 15% discounted price.
Following the news, Sharps's stock price surged about 52% in pre-market trading.

NASDAQ-listed Sharps Technology is set to accumulate a significant amount of Solana (SOL).

According to Investing.com on the 25th (local time), Sharps Technology is pursuing a private investment to accumulate Solana. The amount exceeds $400 million, and the funds raised will be used to purchase Solana on the open market. In addition, through cooperation with the Solana Foundation, the company plans to purchase SOL worth $50 million at a 15% discounted price.

Alice Zhang, Chief Investment Officer (CIO) of Sharps Technology, described Solana as "an asset that defines the standard for digital infrastructure."

Meanwhile, following this news, Sharps's stock price surged approximately 52% in the pre-market.

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