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].
SharpLink Gaming Announces 1-for-12 Reverse Stock Split