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SharpLink Announces Pricing of $76.5 Million Registered Direct Offering Priced at 12% Premium to Market Price
MINNEAPOLIS, MN, Oct. 16, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate
About this update from Sharplink, Inc.
[{"type":"text","content":"MINNEAPOLIS, MN, Oct. 16, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced that it has entered into a securities purchase agreement with an institutional investor (the “Investor”) for the purchase and sale of 4.5 million shares of its common stock, par value $0.0001 per share, at a purchase price of $17.00 per share (the “Shares”), representing a 12% premium to the Company’s closing share price of $15.15 on October 15, 2025 (“Closing Share Price”) as reported on the Nasdaq Capital Market, and at a premium to the net asset value (“NAV”) of SharpLink’s current ETH holdings of 840,124 ETH. The aggregate gross proceeds from the registered direct offering (“Offering”) are expected to be $76.5 million. The closing of the Offering is expected to occur on or about Friday, October 17, 2025, subject to satisfaction of customary closing conditions. In addition, accompanying its purchase of Shares, the Investor has been granted a 90-day premium purchase contract, expiring on January 15, 2026, to purchase up to an additional 4.5 million shares of common stock at an exercise price of $17.50 per share (the “PPC”), representing a 19% premium to the Closing Share Price. If the PPC is fully exercised, the Company will receive an additional $78.8 million in gross proceeds. “This is a novel equity sale transaction that is both accretive to stockholders and strategically structured, reflecting strong institutional confidence in SharpLink and our long-term vision,” said Joseph Chalom, Co-CEO of SharpLink. “By raising equity at a meaningful premium to both market price and NAV, we’re able to continue accumulating ETH and increasing ETH-per-share for our investors.” “Each day brings new evidence of accelerating retail and institutional adoption of Ethereum across stablecoins, tokenized assets and DeFi. We remain bullish on the long term Ethereum opportunity,” added Chalom. The Offering of the Shares, the PPC and the shares of common stock underlying the PPC is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333-287708), which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 30, 2025. The Offering is b...