Sharplink Gaming, Inc. (NASDAQ: SBET) has announced the pricing of a $76.5 million registered direct offering, representing a 12% premium to the company’s closing share price of $15.15 on October 15, 2025. The offering consists of 4.5 million shares of common stock at a purchase price of $17.00 per share.
Additionally, the institutional investor participating in the offering has been granted a 90-day premium purchase contract to buy 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, this would result in the company receiving an additional $78.8 million in gross proceeds.
The offering is expected to close on or about Friday, October 17, 2025, subject to customary closing conditions. Sharplink's Co-CEO, Joseph Chalom, expressed that the equity sale transaction reflects strong institutional confidence in the company and its long-term vision.
The company highlighted that the offering is being made pursuant to an effective shelf registration statement on Form S-3ASR, which was declared effective by the U.S. Securities and Exchange Commission on May 30, 2025. 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., headquartered in Minneapolis, Minnesota, is one of the world’s largest publicly traded companies to adopt ETH as its primary treasury reserve asset. The move positions the company in alignment with the future of digital capital and provides investors with direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset.
Today the company's shares have moved -1.58% to a price of $14.34. If you want to know more, read the company's complete 8-K report here.
