{"url_path":"/sec/stssw/8-k/2026-06-01/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1737995/0001493152-26-026534-index.html","accession_number":"0001493152-26-026534","cik":"0001737995","ticker":"SKYA","issuer_name":"Sharps Technology Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1737995/0001493152-26-026534-index.html","primary_entity_key":"0001737995","primary_entity_name":"SkyAI, Inc."},"word_count":1425,"has_tables":true,"body_markdown":"**Item\n8.01 Other Events.**\n\n \n\nOn\nMay 27, 2026, the Company issued a press release announcing its name change, the change in its ticker symbols, and a strategic transformation\nof its business, reflecting a shift from its legacy operations to the development of a technology-driven financial platform. A copy of\nthe press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.\n\n \n\nThe\nCompany is now focused on building an agentic finance platform designed to serve emerging markets across Asia, Latin America, and Africa\n(the “Global South”). The platform is intended to combine artificial intelligence (AI) with blockchain-based infrastructure,\nincluding stablecoin rails, to provide users with access to financial services, including U.S. dollar–denominated savings alternatives,\nfinancial education, and data-driven financial insights. The Company’s strategy is focused on addressing gaps in traditional banking\ninfrastructure in its service regions, including limited access to stable financial systems and exposure to local currency volatility.\nBy leveraging AI to aggregate and analyze on-chain financial data, the platform is being designed to enable users to better manage assets\nand access capital markets.\n\n \n\nAs\npart of its strategic transformation, the Company has established an international operational headquarters in Hong Kong to support licensing,\ntalent acquisition, and regional expansion efforts. The Company also intends to utilize blockchain infrastructure, including the Solana\nnetwork, as a foundational layer for its platform and treasury strategy.\n\n \n\nThe\nname change and the Company’s strategic shift toward an AI-focused business involve significant risks and uncertainties. The risks\nand uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us, or which\nwe currently deem immaterial, may also impact us, our business, bitcoin holdings, financial condition, and results of operations.\n\n \n\n**Our\nuse and integration of AI, including generative AI, in connection with our Solana treasury strategy and broader business operations expose\nus to operational, legal, regulatory, reputational, and competitive risks.**\n\n \n\nAI\ntechnologies, particularly generative AI, remain in relatively early stages of commercial deployment and are inherently complex and rapidly\nevolving. These technologies may produce inaccurate, incomplete, misleading, or “hallucinatory” outputs and may embed unintended\nbiases or discriminatory or otherwise flawed results that may not be readily detectable. To the extent that AI-driven analyses, forecasts,\nor decision-making tools are used in connection with our treasury management, digital asset strategies, or related services, any deficiencies,\ninaccuracies or perceived flaws in such outputs could adversely affect our decision-making, financial performance, reputation, and competitive\nposition.\n\n \n\nIn\naddition, our reliance on AI-powered tools may increase the risk of inadvertent disclosure or misuse of confidential or proprietary information.\nIf our employees, contractors, or service providers input sensitive information into third-party AI systems, such information could become\npart of external training datasets or otherwise be exposed to third parties, potentially impairing our ability to protect our intellectual\nproperty or maintain the confidentiality of our strategic or financial data. Our ability to mitigate these risks depends in large part\non the effectiveness of our internal controls, policies, and safeguards governing the use of AI technologies.\n\n \n\n \n\n \n\n \n\nThe\nlegal and intellectual property landscape surrounding generative AI is uncertain and evolving. Content generated using AI tools may not\nbe eligible for copyright protection, which could limit our ability to commercialize such content or assert ownership rights. Furthermore,\nAI-generated outputs may inadvertently infringe upon third-party intellectual property, privacy, or publicity rights, including where\nsuch outputs are derived from or resemble protected materials used in training underlying models. Any such claims could result in litigation,\nliability, regulatory scrutiny, or restrictions on our use of AI technologies.\n\n \n\nOur\nuse of AI may also increase our exposure to cybersecurity risks, including potential data breaches or unauthorized access to sensitive\ninformation processed through AI systems. Any such incidents could result in legal liability, regulatory enforcement, reputational harm,\nand increased costs associated with remediation and compliance.\n\n \n\nAdditionally,\ncompetitors or other market participants may adopt AI technologies more effectively or more rapidly than we do, which could impair our\nability to compete, particularly in the context of digital asset treasury management and analytics. As AI adoption continues to expand,\nwe expect to incur additional costs and devote significant resources to developing, maintaining, and monitoring our AI capabilities,\nas well as addressing associated ethical, operational, and compliance challenges.\n\n \n\nAs\na result of the foregoing, our use of AI technologies could materially and adversely affect our business, financial condition and results\nof operations.\n\n \n\n**Evolving\nlaws, regulations, and regulatory interpretations relating to artificial intelligence may adversely affect our business, including our\nability to use AI in connection with our Solana treasury strategy.**\n\n \n\nThe\nregulatory environment governing AI, machine learning, and automated decision-making is rapidly developing and remains uncertain across\njurisdictions. New laws and regulations may be adopted, and existing laws may be interpreted or applied in ways that restrict or impose\nadditional requirements on our use of AI technologies. We may be required to modify our operations, limit certain uses of AI, or incur\nsignificant costs to achieve compliance, any of which could adversely affect our business, financial condition and results of operations.\n\n \n\nFor\nexample, the European Union’s Artificial Intelligence Act (the “AI Act”), which entered into force on August 1, 2024\nand is expected to become fully applicable by August 2, 2026, establishes a risk-based framework governing the development and deployment\nof AI systems. The AI Act imposes varying levels of obligations depending on the classification of AI systems, including prohibitions\non certain uses and stringent requirements for systems deemed “high-risk.” To the extent our current or future AI applications\nfall within the scope of the AI Act or similar regulatory regimes, we may be subject to increased compliance burdens, operational constraints,\nand potential liability.\n\n \n\nSimilarly,\nin the United States and other jurisdictions, regulatory authorities have begun adopting and enforcing laws and guidance relating to\nAI, data privacy, and consumer protection. These developments may require us to obtain additional consents, implement enhanced governance\nframeworks, or modify our use of AI technologies. Regulatory authorities, including the Federal Trade Commission, have also taken enforcement\nactions requiring companies to disgorge data or models derived from allegedly non-compliant AI practices. Any such actions directed or\nexpected to be directed against us could have a material impact on our operations.\n\n \n\nIf\nwe are unable to effectively anticipate, manage, and comply with evolving AI-related legal and regulatory requirements, or if our use\nof AI technologies becomes restricted or economically impractical, our business may become less efficient, we may face increased costs\nor liability, our financial condition or results of operations could suffer, and our competitive position could be adversely affected.\n\n \n\nThe\ninformation furnished under this Item 8.01 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes\nof Section 18 of the Securities Exchange Act of 1934, as amended (the “**Exchange Act**”), or incorporated by reference\nin any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference\nin any such filing.\n\n \n\n \n\n \n\n \n\n**Forward-Looking\nStatements**\n\n \n\nCertain\nstatements contained herein are forward-looking statements, which involve a number of risks and uncertainties. All statements contained\nherein other than statements of historical fact are forward-looking statements, including statements regarding the Company’s rebranding,\nits strategy and product roadmap, its planned opening of overseas operations in Hong Kong, anticipated hiring, the execution of its Solana\ndigital asset treasury strategy, and the potential opportunities its various initiatives may create. Forward-looking statements are based\non current expectations, assumptions, and beliefs and involve risks and uncertainties that could cause actual results to differ materially\nfrom those expressed or implied in such forward-looking statements, including those inherent in the Company’s ability to successfully\nexecute its AI technology strategy; volatility in the market price of SOL and other digital assets; changes in the regulatory or legal\nenvironment; competitive pressures; and general market, economic, and business conditions. Although the forward-looking statements contained\nherein reflect the good-faith judgments of the Company’s management, these statements are based only on facts and factors currently\nknown to the Company. Except as required by law, we undertake no obligation to update any forward-looking statements for any reason.\nAs a result, you are cautioned not to rely unduly on forward-looking statements. The foregoing risks relating to forward-looking statements,\nand other risks concerning the Company, are described in additional detail in the Company’s annual report on Form 10-K for the\nyear ended December 31, 2025, on file with the Securities and Exchange Commission. Copies of such report and other documents are available\nfrom the Company, as well as on the SEC’s website."}