Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [1][9] - The company operates an affiliate marketing network known as PAS.net, driving qualified traffic and player acquisitions for regulated sportsbooks and online casino operators [9] Private Placement Details - SharpLink has entered into securities purchase agreements for a private investment in public equity (PIPE), involving the sale of 69,100,313 shares at a price of $6.15 per share, aiming for gross proceeds of approximately $425 million [1][2] - The closing of the offering is expected around May 29, 2025, subject to customary closing conditions [3] Strategic Developments - Upon closing the private placement, SharpLink will adopt an Ethereum Treasury Strategy, with plans to acquire Ethereum (ETH) as its primary treasury reserve asset [3][10] - Joseph Lubin, Founder and CEO of Consensys, will become Chairman of the Board of Directors of SharpLink following the private placement [1][12] Investor Participation - The lead investor in the offering is Consensys Software Inc., along with participation from various prominent crypto venture capital firms [2] - Notable investors include ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital among others [2] Future Collaboration - Consensys aims to partner with SharpLink to explore and develop the Ethereum Treasury Strategy and provide strategic advisory services [5]

Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [5] - The company operates an affiliate marketing network known as PAS.net, which has received industry recognition for its performance [5] Offering Details - SharpLink announced a public offering of up to 1,530,612 shares of common stock at a price of $2.94 per share, expecting to raise approximately $4.5 million in gross proceeds [1][2] - The closing of the offering is anticipated on or about May 21, 2025, pending customary closing conditions [2] - The net proceeds from the offering will be used for working capital and general corporate purposes, as detailed in the prospectus filed with the SEC [2] Regulatory Information - The offering is conducted under a registration statement on Form S-1, which became effective on May 20, 2025 [3] - A preliminary prospectus has been filed with the SEC, and the final prospectus will be available on the SEC's website [3]

Core Viewpoint - SharpLink Gaming, Inc. announced a 1-for-12 reverse stock split to increase its stock price above the $1.00 minimum bid requirement for continued listing on The Nasdaq Capital Market [2]. Group 1: Reverse Stock Split Details - The reverse stock split will be effective for trading purposes on May 6, 2025, where every twelve pre-split shares will convert into one post-split share [1][2]. - The reverse split will also apply to common stock issuable upon the exercise of outstanding warrants and stock options, but will not reduce the number of authorized shares [2]. - Fractional shares resulting from the reverse split will be rounded to the nearest whole share, with no cash provided for fractional shares [3]. Group 2: Company Overview - SharpLink Gaming, Inc. is an online performance-based marketing company focused on the U.S. sports betting and global iGaming industries [1]. - The company operates the PAS.net affiliate marketing network, recognized as a top affiliate website and program in the European online gambling industry for four consecutive years [4]. - SharpLink also manages state-specific affiliate marketing websites aimed at driving traffic to licensed sports betting and online casino operators [4].

MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (NASDAQ:SBET) ("SharpLink" or the "Company"), an online performance-based marketing company serving the U.S. sports betting and global iGaming industries, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the "Hearings Panel") of The Nasdaq Stock Market LLC ("Nasdaq") that the Hearings Panel has granted the Company additional time to achieve compliance with the minimum bid price requirement as set fort ...

Core Insights - SharpLink Gaming, Inc. reported a significant transformation in its business operations, including the sale of its fantasy sports and sports game development businesses, which has positioned the company for future growth [4] - The company is exploring strategic opportunities to enhance its affiliate marketing business and increase stockholder value, with a focus on emerging trends in the iGaming space, particularly blockchain technologies [4] Financial Highlights - Revenues decreased by 26.1% to $3,662,349 in 2024 from $4,952,725 in 2023 [5] - Total operating expenses fell by 45.6% to $5,669,248 in 2024 compared to $10,425,865 in 2023 [5] - Net income rose to $10,099,619, or $2.29 per share, from a net loss of $14,243,182, or $5.19 loss per share, in the previous year [5] - Net income from discontinued operations increased by 586.7% to $14,573,262 in 2024 [5] - Net loss from continuing operations decreased by 60.2% to $4,473,643 in 2024 [5] - Cash on hand was $1,436,729, a decrease of 42.2% from $2,487,481 in 2023 [5] - Total stockholders' equity improved to $2,082,869 from a deficit of $9,399,769 in 2023 [5] Operational Highlights - The company completed the sale of its Sports Gaming Client Services and SHGN businesses for $22.5 million in January 2024, using part of the proceeds to eliminate approximately $19.4 million in debt [5] - In February 2024, SharpLink transitioned from an Israel limited liability company to a Delaware corporation [5] - A new Board of Directors was established in February 2024, with key appointments aimed at enhancing governance [5] - In July 2024, the Board initiated a review process for strategic alternatives to maximize value for stockholders [5] - In February 2025, SharpLink acquired a 10% equity stake in Armchair Enterprises for $500,000, with a right of first refusal for a controlling interest [5]

Core Insights - SharpLink Gaming, Inc. has acquired a 10% equity stake in Armchair Enterprises Limited for $500,000, marking its strategic entry into the crypto gaming market [2][3] - The company aims to leverage its performance-based marketing platform to penetrate deeper into the digital gaming and sports betting markets, positioning itself as a leader in the crypto gaming sector [3][4] - The global crypto gaming market is projected to grow significantly, with the online gambling market expected to reach $158.20 billion by 2028 and blockchain-based gaming experiencing a CAGR of 12.5% from 2023 to 2028 [6] Company Strategy - SharpLink's investment in Armchair is part of a broader strategy to expand into the rapidly growing crypto gaming industry, which is characterized by enhanced security, privacy, and transparency [4][7] - The company is focused on acquiring a controlling interest in Armchair and executing its expansion strategy efficiently [7][8] - SharpLink's early entry into the crypto gaming space positions it to benefit from the expected industry growth and secure a competitive edge over traditional operators [7] Market Potential - The increasing adoption of blockchain technology and the demand for decentralized gaming platforms are driving growth in the crypto gaming market [6] - CryptoCasino.com, launched in October 2024, offers a wide range of gaming options and accepts various cryptocurrencies, catering to a global audience [4][5] - The platform's integration with popular wallets and its unique Telegram Casino feature allows for seamless user experiences, further enhancing its market appeal [5]

SharpLink does not intend to make any further public comment regarding the review of strategic alternatives until a definitive agreement has been executed or the Company determines that disclosure is required by law or otherwise deemed appropriate. MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (NASDAQ:SBET) ("SharpLink" or the "Company"), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that its Board of Directors ( ...

Financial Highlights for the Three Months Ended March 31, 2024 Compared to Three Months Ended March 21, 2023 For more detailed information on SharpLink's first quarter 2024 financial performance, please refer to Form 10- Q filed with the SEC and accessible at www.sec.gov or on SharpLink's website at www.sharplink.com. First Quarter 2024 Business Highlights Continuing, Phythian said, "Given our strengthened balance sheet; our highly engaged Board comprised of world class, accomplished business executives; an ...

SharpLink Gaming Ltd. (NASDAQ:SBET) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Thank you, Kat, and good morning, everybody. In connection with the phased rollout of our affiliate marketing growth strategy, SharpLink HQ was launched last month, providing a venue for us to unite and showcase SharpLink's advanced technologies, betting tools, and performance marketing capabilities. Moreover, we expect to leverage this new flagship website to benefit from cross-promotional opportunities betwe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 000-28950 SHARPLINK GAMING LTD. (Exact name of registrant as specified in its charter) Israel 98-1657258 (Stat ...