SharpLink Gaming enters purchase agreements with institutional investors

SharpLink Gaming (SBET)announced that it has entered into securities purchase agreements with four global institutional investors pursuant to a registered direct offering priced at $19.50 per share, for gross proceeds of approximately $200 million before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 8, 2025, subject to the satisfaction of customary closing conditions. The net proceeds of the offering will be directed toward expanding SharpLink’s ETH treasury, which upon deployment is expected to exceed $2.0 billion in value. A.G.P./Alliance Global Partners is acting as the lead placement agent for the offering and Societe Generale is acting as the co-placement agent for the offering. Cantor is acting as financial advisor to the Company.