Sharplink Gaming, Inc. (NASDAQ: SBET) recently announced the pricing of a $76.5 million registered direct offering, representing a 12% premium to the company’s closing share price on October 15, 2025. The company has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 4.5 million shares of its common stock at a purchase price of $17.00 per share. This offering is expected to close on or about Friday, October 17, 2025.
Additionally, the investor has been granted a 90-day premium purchase contract to purchase up to an additional 4.5 million shares of common stock at an exercise price of $17.50 per share, representing a 19% premium to the closing share price. If fully exercised, the company will receive an additional $78.8 million in gross proceeds.
Joseph Chalom, co-CEO of Sharplink, expressed confidence in the transaction, stating, "By raising equity at a meaningful premium to both market price and net asset value (NAV), we’re able to continue accumulating Ethereum and increasing Ethereum-per-share for our investors."
The offering of the shares and the premium purchase contract is being made pursuant to an effective shelf registration statement on Form S-3ASR. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering, while Thompson Hine LLP is serving as the legal advisor to Sharplink.
Sharplink Gaming, Inc. is one of the world’s largest publicly traded companies to adopt Ethereum as its primary treasury reserve asset, positioning itself in the future of digital capital and providing investors with direct exposure to Ethereum, the leading smart-contract platform and the second largest digital asset by market capitalization. As a result of these announcements, the company's shares have moved -3.83% on the market, and are now trading at a price of $14.57. If you want to know more, read the company's complete 8-K report here.
