SCHEDULE: Saba Capital Boosts Sharps Tech Stake to 9.99%

Saba Capital Management and affiliates disclose a 9.99% passive beneficial ownership stake in Sharps Technology, Inc. common stock and warrants.

Summary

• Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (the "Reporting Persons") have disclosed a beneficial ownership of 3,050,450 shares of Sharps Technology, Inc. common stock and warrants.
• This represents 9.99% of the class of securities.
• The percentage is calculated based on 28,995,402 shares outstanding as of December 15, 2025, as reported on the Issuer's 424B3 filing, plus 1,538,462 shares issuable upon the exercise of certain warrants held by the Reporting Persons.
• This filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously reported stake.
• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, except for activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 6

Explanation: The disclosure of a substantial passive stake by a reputable institutional investor like Saba Capital Management is generally viewed as a positive signal of confidence. However, the specific carve-out for potential director nominations under Rule 14a-11 introduces a slight element of potential future shareholder activism, which could be a minor point of uncertainty.

Positives

• A significant institutional investor, Saba Capital Management, maintains a substantial stake (9.99%) in Sharps Technology, Inc., potentially signaling confidence in the company's long-term prospects.
• The filing indicates a passive investment intent, which generally suggests the investor is not seeking to disrupt current management or operations.

Risks

• While the filing certifies a passive investment intent, the explicit mention of "activities solely in connection with a nomination under ?? 240.14a-11" indicates a potential for the Reporting Persons to nominate directors, which could lead to future shareholder activism or governance challenges for Sharps Technology, Inc.

Future Outlook

NA

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This filing reflects an institutional investor's updated stake in a publicly traded company. Such disclosures are common and provide transparency into significant ownership positions, which can sometimes influence market perception or signal investor interest in specific sectors or companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which could influence investor sentiment. The 'nomination' clause might suggest potential for future shareholder engagement.
• Management: Awareness of a large passive institutional holder, with a potential for future nomination activities, could subtly influence strategic considerations.

Next Steps

• Sharps Technology, Inc. will continue its operations.
• Saba Capital Management, L.P. and its affiliates will continue to hold their beneficial ownership in Sharps Technology, Inc.
• Further Schedule 13G amendments would be filed if there are material changes to their ownership percentage or intent.

Key Dates

Recommendation

This filing is a routine disclosure of a passive institutional ownership stake and does not contain new financial or operational information about Sharps Technology, Inc. While a significant institutional stake can be a positive signal, it does not provide a basis for a 'buy' or 'sell' recommendation. Investors should hold and monitor future company performance and any potential shifts in the investor's intent.

Keywords

Sharps Technology, Saba Capital Management, Boaz R. Weinstein, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investor, Passive Investment, Shareholder Stake