M&A - SharpLink Gaming, Inc.

Form Type: 8-K

Filing Date: 2025-05-30

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225013081

Filing Summary: On May 26, 2025, SharpLink Gaming, Inc. entered into multiple agreements including Securities Purchase Agreements with investors to sell shares and warrants, raising significant funds intended for investments, particularly in cryptocurrency. The Offering included 58,699,760 shares of common stock at $6.15 per share, plus pre-funded warrants for up to 10,400,553 shares. Key executives purchased shares, ensuring alignment with investor interests. The company's strategy is to invest in Ethereum (ETH) to support capital growth. The transaction closed on May 30, 2025, on which day Asset Management Agreements and a Strategic Advisor Agreement with Consensys were also executed, indicating a broader strategy toward cryptocurrency integration and expansion in digital assets. The company's board size was expanded to accommodate new expertise related to these ventures, with Joseph Lubin appointed as a director, underscoring a focus on blockchain technology and investment management in corporate strategy.

Form Type: 10-K

Filing Date: 2025-03-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925007734

Filing Summary: SharpLink Gaming, Inc. is an online performance-based marketing company focused on generating leads for sportsbook and casino gaming partners. A significant event in the reporting period includes the discontinuation of its C4 sports betting conversion technology due to low market acceptance. Additionally, the company's strategic acquisition of FourCubed brought significant affiliate marketing experience and partnerships with major online casino operators. As of March 14, 2025, there are 6,903,056 shares of common stock outstanding.

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225008559

Filing Summary: On February 24, 2025, SharpLink Gaming, Inc. entered into a subscription and investment agreement with Armchair Enterprises Limited to acquire a 10% equity stake in Armchair for $500,000. The agreement grants SharpLink a Right of First Refusal (ROFR) to acquire a controlling stake in Armchair should Armchair receive an offer from a third party. The ROFR allows SharpLink to accept this offer within a 30-day period following receipt of an Offer Notice from Armchair, detailing the third party’s offer and financial terms. If SharpLink declines the offer, Armchair may proceed with other negotiations if compliant with the agreement terms. A press release confirming this acquisition was also issued on the same date.