{"success":true,"data":{"pressRelease":{"id":"46069","rtpr_id":"nGNX9nqpfC","ticker":"STSS","exchange":"NASDAQ","all_tickers":["STSS","STSSW"],"title":"Sharps Technology Becomes SkyAI, Inc. with New Ticker Symbol “SKYA”; Establishing Category-defining Agentic Finance Platform Serving Global South","author":"Globe Newswire","published_at":"2026-05-27T11:00:00.627Z","article_body":"* Rebrand to SkyAI, Inc. to reflect evolution of the business to build a\nglobal agentic finance platform\n* Opened operational headquarters in Hong Kong, a global hub for financial\ntechnology innovation and a base for licensing and world-class talent\nNEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc.\n(“STSS”) today announced a strategic evolution of its business model - now\nbuilding an agentic finance platform serving the Global South. In connection\nwith this expansion, the Company has rebranded as SkyAI, Inc. (“SkyAI” or\nthe “Company”) and the Company expects its common stock will cease trading\nunder the symbol \"STSS\" and will commence trading on the Nasdaq under the new\nticker symbol \"SKYA,\" effective May 28, 2026.\n\nThe multi-phase buildout is already underway \nThe Company has opened its headquarters for overseas operations in Hong Kong,\na global hub for financial technology innovation. The Hong Kong office will be\nSkyAI’s operational center, where the Company will be securing relevant\nlicensing as well as recruiting world-class engineering and business\ndevelopment talent. Underpinned by common law, free trade, and international\nstandards, Hong Kong is often used as an anchor for international expansion\nand regional connectivity.\n\nThe Company sees a significant opportunity to build agentic finance\ninfrastructure purpose-built for the Global South. The “Global South”\nbroadly refers to developing and emerging-market countries across Asia, Latin\nAmerica, and Africa, representing approximately 85%(i) of the world’s\npopulation. These regions encompass some of the world's fastest-growing\neconomies with young and rapidly expanding populations. The combination of\nhigh GDP growth and developing infrastructure has already produced some of the\nlargest fintech companies globally - Tether, Ant Financial, Nubank, and Grab\namong them.\n\nAlong with their significant potential, these jurisdictions face acute\nchallenges; relatively weak banking infrastructure and domestic currencies\nwhich face double-digit inflation that steadily erodes purchasing power. There\nis clear demand for, yet lack of access to U.S. dollar-denominated savings and\naccess to a robust banking system. This underscores the untapped value that\nproviding an agentic finance platform for the Global South can unlock when\napproached correctly.\n\nProof of concept is the rapid adoption of stablecoins in the Global South,\nwhich has reached over 500 million users(ii) solely with blockchain rails, the\nbasic infrastructure that allows money to move on-chain 24/7. On-chain value\nreceived in Asia-Pacific grew 69% year-over-year, Latin America 63%, and\nSub-Saharan Africa 52%(iii) - making the Global South the fastest-growing\nregion for digital asset adoption globally.\n\nSkyAI is creating a category-defining product\n\n“This is among the highest-conviction opportunities we have ever pursued,”\nsaid Alice Zhang, Chief Investment Officer of SkyAI. “We believe the\nconvergence of stablecoin rails, agentic AI, and emerging markets represents a\nonce-in-a-generation opportunity to bank the world’s unbanked billions of\nusers and unlock previously inaccessible pools of capital amongst the\nfastest-growing populations on earth.”\n\nSkyAI is building an agentic AI platform that incorporates financial literacy\neducation into the Company’s go-to-market, helping the world’s unbanked\npopulation unlock capital and transform their assets into financial\nempowerment.\n\nThe platform will leverage Solana, the world’s most used public blockchain,\nwhich connects a multitude of assets and markets within one network. AI can\nthen aggregate and organize on-chain data to uncover actionable insights\npreviously inaccessible to average users.\n\n“Solana is the fastest and lowest-cost blockchain in the world - which is\nexactly why it is such a powerful treasury asset for us,” said Paul Danner,\nExecutive Chairman of SkyAI. “Building our agentic finance platform on\nSolana is the next strategic step: that’s how we will put the treasury to\nwork and create long-term shareholder value.”\n\nThe development of SkyAI’s agentic finance platform is led by veteran\nentrepreneurs including Ms. Zhang, who has deep experience scaling businesses\nacross the Global South over the last decade. Zhang co-founded Jambo\nTechnology - the most distributed Web3 mobile infrastructure bringing emerging\nmarkets on-chain, now reaching users in 100+ countries and built on Solana.\nZhang led Jambo’s team to recognize this opportunity early, built the\ntechnical capabilities to serve it, and captured meaningful share across Asia,\nLatin America, and Africa. SkyAI is bringing the same approach to agentic\nfinance - a market the team believes represents an even larger opportunity to\nserve emerging market users at scale.\n\nMore to follow\n\nFurther announcements will follow in the coming weeks, detailing Management's\nvision and how SkyAI will deliver value for shareholders.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995, Section 27A\nof the Securities Act, and Section 21E of the Securities Exchange Act of 1934,\nas amended. All statements in this release other than statements of historical\nfact are forward-looking statements, including statements regarding the\nCompany’s rebranding, its strategy and product roadmap, the planned opening\nof overseas operations in Hong Kong, anticipated hiring, the execution of its\nSolana digital asset treasury strategy, and the potential opportunities such\ninitiatives may create. Forward-looking statements are based on current\nexpectations, assumptions, and beliefs, and involve risks and uncertainties\nthat could cause actual results to differ materially.\n\nThese risks and uncertainties include, among others: the Company’s ability\nto successfully execute its AI technology strategy; volatility in the market\nprice of SOL and other digital assets; changes in the regulatory or legal\nenvironment; competitive pressures; and general market, economic, and business\nconditions. Additional risks are described in the “Risk Factors” section\nof the Company’s filings with the Securities and Exchange Commission (the\n“SEC”), which are available on the SEC’s website at www.sec.gov.\n\nForward-looking statements speak only as of the date of this press release.\nThe Company undertakes no obligation to update or revise these statements,\nwhether as a result of new information, future developments, or otherwise,\nexcept as required by law.\n\nAbout SkyAI\n\nSkyAI, Inc. (Nasdaq: SKYA), formerly Sharps Technology, Inc., is building\nAgentic Finance for the Global South. The Company combines stablecoin rails\nwith AI to deliver financial access, education, and actionable intelligence to\nthe billions of underbanked users across Asia, Latin America, and Africa. For\nadditional information, please visit www.theskyai.co.\n\nMedia Contact\n\nEdelman Smithfield\nSkyAI@edelmansmithfield.com\n\n____________________\n\n(i)\nhttps://www.weforum.org/stories/2023/07/what-s-in-a-name-for-the-global-south-it-depends-on-who-you-ask\n\n(ii) https://cryptobriefing.com/tether-usdt-500-million-users/\n\n(iii )https://www.chainalysis.com/blog/2025-global-crypto-adoption-index/\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7e8b9bfa-42f5-446c-932a-41a01c25ed6b)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9nqpfC","title":"Sharps Technology Becomes SkyAI, Inc. with New Ticker Symbol “SKYA”; Establishing Category-defining Agentic Finance Platform Serving Global South","author":"Globe Newswire","ticker":"STSS","created":"2026-05-27T11:00:00.627Z","tickers":["STSS","STSSW"],"exchange":"NASDAQ","article_body":"* Rebrand to SkyAI, Inc. to reflect evolution of the business to build a\nglobal agentic finance platform\n* Opened operational headquarters in Hong Kong, a global hub for financial\ntechnology innovation and a base for licensing and world-class talent\nNEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc.\n(“STSS”) today announced a strategic evolution of its business model - now\nbuilding an agentic finance platform serving the Global South. In connection\nwith this expansion, the Company has rebranded as SkyAI, Inc. (“SkyAI” or\nthe “Company”) and the Company expects its common stock will cease trading\nunder the symbol \"STSS\" and will commence trading on the Nasdaq under the new\nticker symbol \"SKYA,\" effective May 28, 2026.\n\nThe multi-phase buildout is already underway \nThe Company has opened its headquarters for overseas operations in Hong Kong,\na global hub for financial technology innovation. The Hong Kong office will be\nSkyAI’s operational center, where the Company will be securing relevant\nlicensing as well as recruiting world-class engineering and business\ndevelopment talent. Underpinned by common law, free trade, and international\nstandards, Hong Kong is often used as an anchor for international expansion\nand regional connectivity.\n\nThe Company sees a significant opportunity to build agentic finance\ninfrastructure purpose-built for the Global South. The “Global South”\nbroadly refers to developing and emerging-market countries across Asia, Latin\nAmerica, and Africa, representing approximately 85%(i) of the world’s\npopulation. These regions encompass some of the world's fastest-growing\neconomies with young and rapidly expanding populations. The combination of\nhigh GDP growth and developing infrastructure has already produced some of the\nlargest fintech companies globally - Tether, Ant Financial, Nubank, and Grab\namong them.\n\nAlong with their significant potential, these jurisdictions face acute\nchallenges; relatively weak banking infrastructure and domestic currencies\nwhich face double-digit inflation that steadily erodes purchasing power. There\nis clear demand for, yet lack of access to U.S. dollar-denominated savings and\naccess to a robust banking system. This underscores the untapped value that\nproviding an agentic finance platform for the Global South can unlock when\napproached correctly.\n\nProof of concept is the rapid adoption of stablecoins in the Global South,\nwhich has reached over 500 million users(ii) solely with blockchain rails, the\nbasic infrastructure that allows money to move on-chain 24/7. On-chain value\nreceived in Asia-Pacific grew 69% year-over-year, Latin America 63%, and\nSub-Saharan Africa 52%(iii) - making the Global South the fastest-growing\nregion for digital asset adoption globally.\n\nSkyAI is creating a category-defining product\n\n“This is among the highest-conviction opportunities we have ever pursued,”\nsaid Alice Zhang, Chief Investment Officer of SkyAI. “We believe the\nconvergence of stablecoin rails, agentic AI, and emerging markets represents a\nonce-in-a-generation opportunity to bank the world’s unbanked billions of\nusers and unlock previously inaccessible pools of capital amongst the\nfastest-growing populations on earth.”\n\nSkyAI is building an agentic AI platform that incorporates financial literacy\neducation into the Company’s go-to-market, helping the world’s unbanked\npopulation unlock capital and transform their assets into financial\nempowerment.\n\nThe platform will leverage Solana, the world’s most used public blockchain,\nwhich connects a multitude of assets and markets within one network. AI can\nthen aggregate and organize on-chain data to uncover actionable insights\npreviously inaccessible to average users.\n\n“Solana is the fastest and lowest-cost blockchain in the world - which is\nexactly why it is such a powerful treasury asset for us,” said Paul Danner,\nExecutive Chairman of SkyAI. “Building our agentic finance platform on\nSolana is the next strategic step: that’s how we will put the treasury to\nwork and create long-term shareholder value.”\n\nThe development of SkyAI’s agentic finance platform is led by veteran\nentrepreneurs including Ms. Zhang, who has deep experience scaling businesses\nacross the Global South over the last decade. Zhang co-founded Jambo\nTechnology - the most distributed Web3 mobile infrastructure bringing emerging\nmarkets on-chain, now reaching users in 100+ countries and built on Solana.\nZhang led Jambo’s team to recognize this opportunity early, built the\ntechnical capabilities to serve it, and captured meaningful share across Asia,\nLatin America, and Africa. SkyAI is bringing the same approach to agentic\nfinance - a market the team believes represents an even larger opportunity to\nserve emerging market users at scale.\n\nMore to follow\n\nFurther announcements will follow in the coming weeks, detailing Management's\nvision and how SkyAI will deliver value for shareholders.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995, Section 27A\nof the Securities Act, and Section 21E of the Securities Exchange Act of 1934,\nas amended. All statements in this release other than statements of historical\nfact are forward-looking statements, including statements regarding the\nCompany’s rebranding, its strategy and product roadmap, the planned opening\nof overseas operations in Hong Kong, anticipated hiring, the execution of its\nSolana digital asset treasury strategy, and the potential opportunities such\ninitiatives may create. Forward-looking statements are based on current\nexpectations, assumptions, and beliefs, and involve risks and uncertainties\nthat could cause actual results to differ materially.\n\nThese risks and uncertainties include, among others: the Company’s ability\nto successfully execute its AI technology strategy; volatility in the market\nprice of SOL and other digital assets; changes in the regulatory or legal\nenvironment; competitive pressures; and general market, economic, and business\nconditions. Additional risks are described in the “Risk Factors” section\nof the Company’s filings with the Securities and Exchange Commission (the\n“SEC”), which are available on the SEC’s website at www.sec.gov.\n\nForward-looking statements speak only as of the date of this press release.\nThe Company undertakes no obligation to update or revise these statements,\nwhether as a result of new information, future developments, or otherwise,\nexcept as required by law.\n\nAbout SkyAI\n\nSkyAI, Inc. (Nasdaq: SKYA), formerly Sharps Technology, Inc., is building\nAgentic Finance for the Global South. The Company combines stablecoin rails\nwith AI to deliver financial access, education, and actionable intelligence to\nthe billions of underbanked users across Asia, Latin America, and Africa. For\nadditional information, please visit www.theskyai.co.\n\nMedia Contact\n\nEdelman Smithfield\nSkyAI@edelmansmithfield.com\n\n____________________\n\n(i)\nhttps://www.weforum.org/stories/2023/07/what-s-in-a-name-for-the-global-south-it-depends-on-who-you-ask\n\n(ii) https://cryptobriefing.com/tether-usdt-500-million-users/\n\n(iii )https://www.chainalysis.com/blog/2025-global-crypto-adoption-index/\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7e8b9bfa-42f5-446c-932a-41a01c25ed6b)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-27T11:00:00.675101442Z","server_sent_at_ms":1779879600675},"received_at":"2026-05-27T11:00:00.888Z","source_url":null},"analysis":{"id":"35500","press_release_id":"46069","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Strategic pivot to crypto/fintech in emerging markets carries high regulatory and execution risk","Reliance on Solana treasury strategy exposes company to digital asset volatility","No current revenue or product launch details provided; purely strategic announcement"],"eventType":"ticker_change","narrative":"Sharps Technology, Inc. (STSS) is rebranding as SkyAI, Inc. and will begin trading under the new ticker symbol SKYA on Nasdaq effective May 28, 2026.\n\nThe company is pivoting to build an agentic finance platform for the Global South, opening a new operational headquarters in Hong Kong to secure licensing and recruit talent.\n\nSkyAI plans to leverage Solana blockchain infrastructure and stablecoin rails to serve unbanked populations in Asia, Latin America, and Africa, citing rapid growth in on-chain value in these regions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"STSS rebrands to SKYA, pivoting to AI-driven fintech for the Global South with a Solana-backed treasury."},"keyFigures":{"customDimensions":{"apac_on_chain_growth_yoy":"69%","latam_on_chain_growth_yoy":"63%","global_south_population_share":"85%","stablecoin_users_global_south":"500 million","sub_saharan_africa_on_chain_growth_yoy":"52%"}},"quotedText":"This is among the highest-conviction opportunities we have ever pursued","namedEntities":{"people":[{"name":"Alice Zhang","role":"Chief Investment Officer"},{"name":"Paul Danner","role":"Executive Chairman"}],"products":["Agentic Finance Platform","SkyAI"],"companies":[{"name":"Sharps Technology, Inc.","ticker":"STSS","relationship":"former name of filer"},{"name":"SkyAI, Inc.","ticker":"SKYA","relationship":"new name of filer"},{"name":"Tether","relationship":"competitor/peer"},{"name":"Ant Financial","relationship":"competitor/peer"},{"name":"Nubank","relationship":"competitor/peer"},{"name":"Grab","relationship":"competitor/peer"},{"name":"Jambo Technology","relationship":"co-founded by Alice Zhang"},{"name":"Solana","relationship":"blockchain infrastructure partner"},{"name":"Edelman Smithfield","relationship":"media contact"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"The company is rebranding from Sharps Technology to SkyAI, Inc. and changing its ticker from STSS to SKYA. This signals a strategic pivot to an 'agentic finance' platform targeting the Global South, backed by a new operational HQ in Hong Kong and a Solana-based treasury strategy. While no immediate revenue is generated, the rebranding and strategic clarity are material for a small-cap tech/fintech firm."},"tickerRelevance":{"others":[{"ticker":"SKYA","relevance":"new ticker symbol for filer"},{"ticker":"SOL","relevance":"underlying blockchain asset for treasury and platform"}],"primary":"STSS"},"globalImportance":25,"audienceRelevance":35,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"rebranding/pivot","sectorWeight":"high (AI/Crypto/Fintech)","retailFavoriteBoost":"moderate (crypto/AI narrative)"}},"event_type":"ticker_change","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Sharps Technology, Inc. (STSS) is rebranding as SkyAI, Inc. and will begin trading under the new ticker symbol SKYA on Nasdaq effective May 28, 2026.\n\nThe company is pivoting to build an agentic finance platform for the Global South, opening a new operational headquarters in Hong Kong to secure licensing and recruit talent.\n\nSkyAI plans to leverage Solana blockchain infrastructure and stablecoin rails to serve unbanked populations in Asia, Latin America, and Africa, citing rapid growth in on-chain value in these regions.","key_figures":{"customDimensions":{"apac_on_chain_growth_yoy":"69%","latam_on_chain_growth_yoy":"63%","global_south_population_share":"85%","stablecoin_users_global_south":"500 million","sub_saharan_africa_on_chain_growth_yoy":"52%"}},"named_entities":{"people":[{"name":"Alice Zhang","role":"Chief Investment Officer"},{"name":"Paul Danner","role":"Executive Chairman"}],"products":["Agentic Finance Platform","SkyAI"],"companies":[{"name":"Sharps Technology, Inc.","ticker":"STSS","relationship":"former name of filer"},{"name":"SkyAI, Inc.","ticker":"SKYA","relationship":"new name of filer"},{"name":"Tether","relationship":"competitor/peer"},{"name":"Ant Financial","relationship":"competitor/peer"},{"name":"Nubank","relationship":"competitor/peer"},{"name":"Grab","relationship":"competitor/peer"},{"name":"Jambo Technology","relationship":"co-founded by Alice Zhang"},{"name":"Solana","relationship":"blockchain infrastructure partner"},{"name":"Edelman Smithfield","relationship":"media contact"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-27T11:01:32.536Z","global_importance":25,"audience_relevance":35,"importance_components":{"tickerTier":"small-cap","eventGravity":"rebranding/pivot","sectorWeight":"high (AI/Crypto/Fintech)","retailFavoriteBoost":"moderate (crypto/AI narrative)"}},"durationMs":37781,"modelName":"george-droid-qwen-72b"}}