SharpLink Gaming prices 4.5M shares at $17.00 in registered direct offering

SharpLink Gaming (SBET)entered into a securities purchase agreement with an institutional investor for the purchase and sale of 4.5M shares of its common stock, par value $0.0001 per share, at a purchase price of $17.00 per share, representing a 12% premium to the Company’s closing share price of $15.15 on October 15, as reported on the Nasdaq Capital Market, and at a premium to the net asset value of SharpLink’s current ETH holdings of 840,124 ETH. The aggregate gross proceeds from the registered direct offering are expected to be $76.5M. The closing of the Offering is expected to occur on or about Friday, October 17, subject to satisfaction of customary closing conditions. In addition, accompanying its purchase of Shares, the Investor has been granted a 90-day premium purchase contract, expiring on January 15, 2026, to purchase up to an additional 4.5M shares of common stock at an exercise price of $17.50 per share, representing a 19% premium to the Closing Share Price. If the PPC is fully exercised, the Company will receive an additional $78.8M in gross proceeds. A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.