SharpLink Gaming Announces Extraordinary General Meeting of Shareholders

About this update from Sharplink, Inc.

[{"type":"text","content":"MINNEAPOLIS, MN / ACCESSWIRE / September 27, 2023 / SharpLink Gaming Ltd. (NASDAQ:SBET) (\"SharpLink\" or the \"Company\"), a pioneer of targeted, data-driven fan activation and conversion solutions for the U.S. sports betting and iGaming industries, today announced that it will hold an extraordinary general meeting of shareholders (the \"Meeting\") on October 17, 2023 beginning at 11:00 AM Central Time at the Company's corporate headquarters located at 333 Washington Avenue North, Suite 104, Minneapolis, Minnesota 55401.At the Meeting, SharpLink's shareholders will be asked to vote on the following proposals:Proposal No. 1 - to adopt an amendment to the Company's amended and restated articles of association to increase the authorized share capital of the Company from 9,290,000 Ordinary Shares, nominal value NIS 0.60 per share, to 100,000,000 Ordinary Shares, nominal value NIS 0.60 per share, and to approve a corresponding amendment to the Company's Memorandum of Association;Proposal No. 2 - to adjourn the Meeting, if necessary or appropriate, to solicit additional proxies in favor of the proposal listed above; andTo transact any other business that may be properly brought before the Meeting or any continuation, adjournment or postponement thereof.Proposal No. 1 is being presented for approval at the Meeting because it is necessary for the Company to implement the plan submitted to the Nasdaq Capital Market (\"Nasdaq\") to regain compliance with Nasdaq's minimum total stockholders' equity of $2.5 million required for the continued listing of the Company's Ordinary Shares on Nasdaq.Shareholders of record at the close of business on September 28, 2023 are entitled to notice of, and to vote at, the Meeting and any adjournment or postponement thereof. The Company plans to mail the proxy statement and a proxy card on or about September 29, 2023.The approval of Proposal 1 requires the affirmative vote of holders of at least 75% of the Company's Ordinary Shares (on an as-converted basis, subject to the beneficial ownership limitation) voted in person or by proxy at the Meeting on the proposal presented for passage. The approval of Proposal 2 requires the affirmative vote of holders of at least 50% of the Company's Ordinary Shares (on an as-converted basis, subject to the beneficial ownership limitation) voted in person or by proxy at t...

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