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SharpLink Announces Pricing of $76.5 Million Registered Direct Offering Priced at 12% Premium to Market Price
Globenewswire· 2025-10-16 12:00
Core Viewpoint - SharpLink Gaming, Inc. has entered into a securities purchase agreement with an institutional investor to sell 4.5 million shares at a price of $17.00 per share, representing a 12% premium to the closing share price on October 15, 2025, and a significant premium to the net asset value of its Ether holdings [1][2][3] Group 1: Offering Details - The total gross proceeds from the registered direct offering are expected to be $76.5 million, with the closing anticipated on or about October 17, 2025, subject to customary conditions [1] - The investor has also been granted a 90-day premium purchase contract to buy an additional 4.5 million shares at an exercise price of $17.50 per share, which represents a 19% premium to the closing share price [2] Group 2: Strategic Implications - The equity sale is described as accretive to stockholders and reflects strong institutional confidence in SharpLink's long-term vision, allowing the company to continue accumulating Ether and increasing Ether-per-share for investors [3] - The company remains optimistic about the long-term opportunities in Ethereum, citing evidence of accelerating retail and institutional adoption across various sectors [3] Group 3: Regulatory and Legal Framework - The offering is being conducted under an effective shelf registration statement declared effective by the SEC on May 30, 2025, and will be made only by means of a prospectus supplement [4] - A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering, with legal advisors from Thompson Hine LLP and Sullivan & Worcester LLP [5]
X @MEXC
MEXC· 2025-09-30 07:30
Accelerating Global Ethereum Adoption⏰ 2:30pm - 3pm📌 ArtScience Museum https://t.co/b52QQZXXft ...
X @MEXC
MEXC· 2025-09-30 04:01
Come to meet our CSO, Cecilia @cecilia_hsueh, at 2:30 pm - 3:00 pm, Oct 1.📌 ArtScience Museum#MEXCEventRocksEthereum Singapore (@ethereum_sg):@0xReactive Check out the full agenda below 👇Accelerating Global Ethereum Adoption by @cecilia_hsueh https://t.co/xBzsK5x3t1 ...
SharpLink Acquires 1,000,000 Shares of Common Stock in Ongoing Buyback Program
Globenewswire· 2025-09-16 12:00
Core Viewpoint - SharpLink Gaming, Inc. is actively repurchasing its common stock, believing it to be undervalued, while also emphasizing its commitment to Ethereum as a primary treasury reserve asset [3][4][6]. Group 1: Stock Buyback Program - The company has repurchased a total of 1,938,450 shares since initiating its stock buyback program in early September 2025, including 1,000,000 shares bought on September 15, 2025 [2]. - The average purchase price for the recent buyback was $16.67 per share [1]. Group 2: Financial Position - As of September 14, 2025, SharpLink reported a net asset value (NAV) of $3.86 billion, translating to approximately $18.55 per fully diluted share, with no outstanding debt [3]. - The company's total ETH holdings increased to 838,152, valued at $3.86 billion, and total staking rewards rose to 3,240 ETH since launching its treasury strategy on June 2, 2025 [9]. Group 3: Ethereum Strategy - SharpLink is positioning itself as a significant player in the digital asset economy, focusing on Ethereum's potential as a cornerstone for tokenization and digital assets [4]. - The company has nearly 100% of its ETH staked, generating substantial revenue, and plans to continue repurchasing shares based on market conditions [3][9]. Group 4: Transparency and Engagement - To enhance transparency, SharpLink launched a dynamic ETH dashboard that provides market data and relevant metrics related to its ETH treasury [7].
X @Decrypt
Decrypt· 2025-09-11 14:21
SharpLink Treasury Push Will Be 'White Swan Event' for Ethereum Adoption, Says CEO► https://t.co/x684ydi6x8 https://t.co/x684ydi6x8 ...