SRSEC Reporting Desk

SkyAI, Inc. (SKYA, SKYAW) – SEC staff letter

2025-11-26 · Re: Sharps Technology, Inc. Registration Statement on Form S-3 Filed September 15, 2025 · Accession 0000000000-25-011093 · 3 staff comment(s) issued

Company response(s): 2025-12-23

Liquidity & Capital ResourcesCrypto AssetsRisk Factors

2025-11-26 · Sharps Technology, Inc. Registration Statement on Form S-3 Filed September 15, 2025 · Comment 1 · General Agreed to revise
Staff comment: We note your disclosure that you have adopted a Treasury Policy under which the principal holding in your treasury reserve on the balance sheet will be allocated to digital assets, starting with SOL, as well as your disclosure that you do not intend to allocate treasury assets to other digital assets in the near term. We also note that the financial statements included in your Form 10-Q for the period ended September 30, 2025 include USDC and USDT holdings. Please revise your disclosure to: • Provide greater details regarding any plans to acquire and hold digital assets, including in what proportions and the anticipated timeline. In addition, please revise to provide a definition or more… letter →
Company response: The Company acknowledges the Staff’s comment and has revised the Registration Statement accordingly. Please see pages 1 through 5 of the Registration Statement for further details. response letter →
Crypto Assets
2025-11-26 · Sharps Technology, Inc. Registration Statement on Form S-3 Filed September 15, 2025 · Comment 2 · intend to generate profit through this strategy. Agreed to revise
Staff comment: Please revise to provide additional disclosure regarding SOL and your staking plans. For example purposes only: • Disclose your policies and procedures regarding your plans to stake Solana, including how much of your SOL you intend to stake. • Revise to provide greater detail explaining how agreements with staking providers will operate. • If material, add a risk factor addressing any liquidity risks related to your staking plans. • Identify the custodians that hold and will hold your digital assets and disclose the material terms of the custody arrangements, including the amount and limitations of any insurance coverage. letter →
Company response: The Company acknowledges the Staff’s comment and has revised the Registration Statement accordingly. Please see pages 2 through 7 of the Registration Statement for further details. response letter →
Liquidity & Capital ResourcesRisk Factors
2025-11-26 · Sharps Technology, Inc. Registration Statement on Form S-3 Filed September 15, 2025 · Comment 3 · of any insurance coverage. Agreed to revise
Staff comment: We note that your Form 8-K furnished September 2, 2025 discloses that you entered into Consulting and Strategic Advisor Agreements on August 28, 2025. Please disclose how compensation for SOL Edge Ltd will be calculated. Please also disclose the material terms of the Investment Guidelines. letter →
Company response: The Company acknowledges the Staff’s comment and has revised the Registration Statement accordingly. Please see page 2 of the Registration Statement for further details. * * * We thank you for your review of the foregoing and the Registration Statement. If you have further comments, please feel free to contact to our counsel, Jonathan Deblinger, Esq. at [email protected] or by telephone at (212) 370-1300. response letter →

Full letter on EDGAR → · Filing index · All SkyAI, Inc. (SKYA, SKYAW) correspondence

Liquidity & Capital Resources – what to check: Explain the drivers of operating cash flow changes (not just the line items), material cash requirements, and known trends affecting liquidity.

Crypto Assets – what to check: Address custody, safeguarding, fair value (ASU 2023-08) and specific risk factors for crypto holdings or activities.

Risk Factors – what to check: Replace hypothetical risks with ones that have materialized and update for current events.

Templates & resources

Listed alphabetically by provider. Listings are not endorsements; no provider pays for placement. All templates & resources