Business
SharpLink Gaming Announces Results of Extraordinary General Meeting of Shareholders
Proposal to Consummate Merger with SportsHub Games Network ApprovedMINNEAPOLIS, MN / ACCESSWIRE / December 15, 2022 / SharpLink Gaming Ltd. (Nasdaq:SBET)
About this update from Sharplink, Inc.
[{"type":"text","content":"Proposal to Consummate Merger with SportsHub Games Network ApprovedMINNEAPOLIS, MN / ACCESSWIRE / December 15, 2022 / 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 the Extraordinary General Meeting of Shareholders, held on December 14, 2022 in Minneapolis, Minnesota, approved the consummation of SharpLink's acquisition of SportsHub Games Network, Inc. (\"SportsHub\"), contemplated by the Agreement and Plan of Merger dated September 7, 2022, as amended by the First Amendment to the Agreement and Plan of Merger, dated November 2, 2022.The complete text of the resolution and related background are set forth in the proxy statement distributed to the Company's shareholders and furnished to the Securities and Exchange Commission as an exhibit to Form 6-K, dated November 8, 2022.Commenting on the approval from shareholders, Rob Phythian, SharpLink's Chief Executive Officer, stated, \"We are very pleased to have received such a strong showing of support from our shareholders in this vote to proceed with completing the merger. Representing what we believe will be a significant inflexion in our business, SportsHub brings our Company a well-established audience of more than two million sports fans who spend almost $40 million annually on its portfolio of digital gaming experiences and contests. Through integration of SharpLink's C4 sports betting conversion technology with the SportsHub platform, we intend to proactively engage and convert these fans into sports bettors in states where online sports betting and iGaming have been legalized, thereby driving deeper market penetration and fueling revenue growth for our Company. We are very excited about the opportunities ahead of SharpLink and the long-term value creation we expect to deliver to our shareholders.\"About SportsHub Games Network, Inc.Founded in 2015 by a team of veteran fantasy sports industry pioneers, SportsHub owns and operates a variety of real-money fantasy sports and sports simulation games and mobile apps on its platform; and is licensed or authorized to operate in every state in the United States where fantasy sports play is legal and in which SportsHub has elected to operate based on the financial v...