Welcome to our dedicated page for Sharplink news (Ticker: SBET), a resource for investors and traders seeking the latest updates and insights on Sharplink stock.
Sharplink, Inc. operates as a publicly traded Ethereum treasury platform under the SBET ticker, with an additional online affiliate marketing business serving sportsbook and online casino partners. Company news commonly centers on ETH treasury management, staking rewards, onchain deployment of ETH capital, and financial results tied to its treasury and affiliate marketing operations.
Recurring updates also cover corporate governance, institutional ownership disclosures, leadership changes, and the completed name change from SharpLink Gaming, Inc. to Sharplink, Inc. The company frames its treasury strategy around active management of ETH holdings, staking, custody, compliance, and participation in the Ethereum ecosystem.
SharpLink Gaming Ltd. (NASDAQ:SBET) has transitioned to a U.S. domestic company, effective January 1, 2023. This change follows the sale of its legacy Mer Telemanagement Solutions business to Entrypoint South Ltd., now MTS Technology. SharpLink will receive an earn-out payment of up to $1 million based on 2023 earnings from the sold business. The company aims to enhance transparency and deliver timely financial updates under U.S. reporting standards. This marks a significant shift in its operational structure, enabling a focused strategy on its core sports betting and iGaming activities.
SharpLink Gaming Ltd. (NASDAQ:SBET) has completed its acquisition of SportsHub Games Network as of December 22, 2022. The merger was approved by both the Board of Directors and shareholders during an Extraordinary General Meeting on December 14, 2022. SharpLink issued 4,725,125 ordinary shares for the acquisition, raising its total outstanding shares to 27,287,006. CEO Rob Phythian emphasized that this merger positions SharpLink for growth within the rapidly expanding U.S. sports betting and iGaming sectors, aiming to create long-term shareholder value.
SharpLink Gaming Ltd. (SBET) has received shareholder approval for its merger with SportsHub Games Network, enhancing its position in the sports betting and iGaming sectors. The acquisition aims to leverage SportsHub's audience of over 2 million sports fans, who collectively spend nearly $40 million annually on digital gaming. This strategic move is expected to integrate SharpLink's C4 sports betting technology, fostering deeper market penetration and revenue growth. The merger is seen as a pivotal step in SharpLink's business evolution, promising long-term value for shareholders.
SharpLink Gaming Ltd. (Nasdaq:SBET) will hold an extraordinary general meeting on January 20, 2023, to discuss key matters including a proposed reverse share split up to a 20:1 ratio, aimed at increasing the share price for Nasdaq compliance. Approval requires 75% shareholder vote for the split and a majority for the auditor appointment. Shareholders of record by December 13, 2022, can vote either in person or via proxy, with details mailed by December 19, 2022. The meeting may address additional business matters as needed.
SharpLink Gaming Ltd. (NASDAQ:SBET) will host a webcast on December 1, 2022, at 4:30 PM ET to discuss recent operational updates. CEO Rob Phythian and the leadership team will lead the session, encouraging investors to submit questions via email by November 28, 2022. The webcast link is available for those interested in following the discussion. SharpLink specializes in converting sports fans into bettors through its innovative C4 Sports Betting Conversion technology, enhancing engagement with personalized betting offers. For more, visit www.sharplink.com.
SharpLink Gaming Ltd. (Nasdaq:SBET) has announced the sale of its Legacy Telecommunications Systems business to Entrypoint South Ltd. in an earn-out transaction subject to customary conditions.
Entrypoint will pay SharpLink an earn-out of three times Legacy MTS' EBITDA for 2023, capped at $1 million. This divestment allows SharpLink to refocus on its primary business in the U.S. sports betting and iGaming sectors, as Legacy MTS was deemed non-strategic. The deal is seen as beneficial for both parties, aligning Entrypoint's digital transformation goals with its acquisition of a North American client base.
SharpLink Gaming Ltd. (Nasdaq:SBET) announced the appointment of Dave Abbott as the new Chief Technology Officer. Abbott, with over 20 years of experience, previously held leadership roles at Sportradar. His expertise in customer relationship management and data integration is expected to drive SharpLink's technology roadmap. Abbott expressed enthusiasm for reuniting with the team to capture growth in the evolving U.S. sports betting market. SharpLink focuses on converting sports fans into bettors through advanced technology and personalized offers.
SharpLink Gaming Ltd. (NASDAQ:SBET) announced on November 4, 2022, that it received a letter from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has a 180-day grace period until May 3, 2023, to regain compliance by maintaining the bid price above $1.00 for ten consecutive business days. If compliance is not achieved, the company may be eligible for an additional 180-day period. Currently, there is no immediate impact on trading, and shares will continue to trade on Nasdaq during the compliance period.
SharpLink Gaming Ltd. (Nasdaq:SBET) is set to hold an extraordinary general meeting on December 14, 2022, to discuss and approve a merger with SportsHub Games Network, Inc. This all-stock transaction aims to consolidate resources and enhance user engagement in the sports betting industry. Shareholders of record by November 14, 2022, can vote, with a majority required for approval. Proxy statements will be sent on November 18. Shareholders may submit their positions by December 4. This merger is expected to fortify SharpLink's market presence.
SharpLink Gaming Ltd. (NASDAQ:SBET) announced the launch of 15 state-specific affiliate marketing websites to enhance user engagement in the U.S. sports betting and iGaming markets. These websites target local audiences, driving traffic to licensed sportsbook and casino partners. The sites include promotions and offers tailored to each state. CEO Rob Phythian emphasized the launch as a key phase in their Direct-to-Player (D2P) strategy, promising significant growth opportunities. SharpLink is also preparing for further state expansions as sports betting regulations evolve.