Sharplink Gaming, Inc. (NASDAQ: SBET) has announced the pricing of a registered direct offering, 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 represents a 12% premium to the company’s closing share price of $15.15 on October 15, 2025, as reported on the NASDAQ Capital Market. The aggregate gross proceeds from the offering are expected to be $76.5 million, and the closing is expected to occur on or about Friday, October 17, 2025.
In addition, 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.
Sharplink's Co-CEO, Joseph Chalom, stated that the equity sale transaction is accretive to stockholders and strategically structured, reflecting strong institutional confidence in Sharplink and its long-term vision. He also highlighted that raising equity at a meaningful premium to both market price and net asset value (NAV) allows the company to continue accumulating ether (ETH) and increasing ETH-per-share for its investors.
The offering of the shares, including the premium purchase contract and the shares of common stock underlying the contract, is being made pursuant to an effective shelf registration statement. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering, and Thompson Hine LLP is acting as legal advisor to Sharplink.
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. Check out the company's full 8-K submission here.
