SharpLink Gaming Announces Pricing of $4.5 Million Public Offering Priced At-The-Market Under Nasdaq Rules
SharpLink Gaming (NASDAQ: SBET) has announced the pricing of a public offering to raise approximately $4.5 million through the sale of up to 1,530,612 shares of common stock at $2.94 per share. The offering, expected to close around May 21, 2025, is being conducted on a "reasonable best efforts" basis with A.G.P./Alliance Global Partners serving as the sole placement agent.
The company, which specializes in online performance-based marketing for U.S. sports betting and global iGaming industries, plans to use the net proceeds for working capital, general corporate purposes, and other initiatives detailed in the prospectus. The offering is made pursuant to an effective registration statement on Form S-1 filed with the SEC.
SharpLink Gaming (NASDAQ: SBET) ha annunciato il prezzo di un'offerta pubblica per raccogliere circa 4,5 milioni di dollari tramite la vendita di un massimo di 1.530.612 azioni ordinarie al prezzo di 2,94 dollari per azione. L'offerta, che si prevede si concluda intorno al 21 maggio 2025, viene condotta con il criterio del "reasonable best efforts" ed è gestita in esclusiva da A.G.P./Alliance Global Partners come agente di collocamento.
L'azienda, specializzata nel marketing online basato sulle performance per il settore delle scommesse sportive negli Stati Uniti e l'industria globale dell'iGaming, intende utilizzare i proventi netti per capitale circolante, scopi aziendali generali e altre iniziative dettagliate nel prospetto informativo. L'offerta è effettuata ai sensi di una dichiarazione di registrazione efficace sul modulo S-1 depositato presso la SEC.
SharpLink Gaming (NASDAQ: SBET) ha anunciado el precio de una oferta pública para recaudar aproximadamente 4,5 millones de dólares mediante la venta de hasta 1.530.612 acciones ordinarias a 2,94 dólares por acción. Se espera que la oferta se cierre alrededor del 21 de mayo de 2025 y se realiza bajo un criterio de "reasonable best efforts", con A.G.P./Alliance Global Partners como único agente colocador.
La compañía, especializada en marketing online basado en rendimiento para las apuestas deportivas en EE. UU. y la industria global de iGaming, planea usar los ingresos netos para capital de trabajo, propósitos corporativos generales y otras iniciativas detalladas en el prospecto. La oferta se realiza conforme a una declaración de registro efectiva en el formulario S-1 presentada ante la SEC.
SharpLink Gaming (NASDAQ: SBET)는 최대 1,530,612주의 보통주를 주당 2.94달러에 판매하여 약 450만 달러를 조달하는 공모 가격을 발표했습니다. 이 공모는 2025년 5월 21일경 마감될 예정이며, A.G.P./Alliance Global Partners가 단독 배정 대행사로 "reasonable best efforts" 방식으로 진행됩니다.
미국 스포츠 베팅 및 글로벌 iGaming 산업을 위한 온라인 성과 기반 마케팅을 전문으로 하는 이 회사는 순수익을 운영 자본, 일반 기업 목적 및 안내서에 명시된 기타 사업에 사용할 계획입니다. 이 공모는 SEC에 제출된 Form S-1 등록 신고서에 따라 이루어집니다.
SharpLink Gaming (NASDAQ : SBET) a annoncé le prix d'une offre publique visant à lever environ 4,5 millions de dollars par la vente de jusqu'à 1 530 612 actions ordinaires au prix de 2,94 dollars par action. L'offre, dont la clôture est prévue aux alentours du 21 mai 2025, est réalisée sur une base de "reasonable best efforts" avec A.G.P./Alliance Global Partners en tant qu'agent unique de placement.
La société, spécialisée dans le marketing en ligne basé sur la performance pour les paris sportifs aux États-Unis et l'industrie mondiale de l'iGaming, prévoit d'utiliser le produit net pour le fonds de roulement, des objectifs généraux d'entreprise et d'autres initiatives détaillées dans le prospectus. L'offre est effectuée conformément à une déclaration d'enregistrement effective sur le formulaire S-1 déposée auprès de la SEC.
SharpLink Gaming (NASDAQ: SBET) hat den Preis für ein öffentliches Angebot bekannt gegeben, mit dem etwa 4,5 Millionen US-Dollar durch den Verkauf von bis zu 1.530.612 Stammaktien zu je 2,94 US-Dollar pro Aktie eingenommen werden sollen. Das Angebot, das voraussichtlich um den 21. Mai 2025 abgeschlossen wird, erfolgt auf Basis "reasonable best efforts" mit A.G.P./Alliance Global Partners als alleinigem Platzierungsagenten.
Das Unternehmen, das sich auf performancebasiertes Online-Marketing für die US-Sportwetten- und globale iGaming-Branche spezialisiert hat, plant, die Nettoerlöse für das Betriebskapital, allgemeine Unternehmenszwecke und weitere im Prospekt aufgeführte Initiativen zu verwenden. Das Angebot erfolgt gemäß einer wirksamen Registrierungserklärung auf Formular S-1, die bei der SEC eingereicht wurde.
- None.
- Potential dilution for existing shareholders due to issuance of 1,530,612 new shares
- Offering priced at-the-market rather than at a premium
Insights
SharpLink's $4.5M offering dilutes shareholders but provides crucial working capital for operations in a competitive market.
SharpLink Gaming has priced a $4.5 million public offering at $2.94 per share, selling up to 1,530,612 shares of common stock or equivalents. This capital raise represents a significant development for this small-cap company operating in the competitive sports betting marketing space.
The offering structure is notable - being described as a "reasonable best efforts" offering rather than a firm commitment underwriting, suggesting some uncertainty around demand. A.G.P./Alliance Global Partners is acting as the sole placement agent, which typically indicates a smaller transaction targeted at select institutional investors.
The pricing "at-the-market" means the offering is priced at or near recent trading levels, avoiding a steep discount that would signal desperation. However, the issuance still represents significant dilution for existing shareholders of approximately 11% based on the previously reported outstanding share count.
Management's stated use of proceeds for "working capital and general corporate purposes" is purposefully vague but suggests the company needs operational funding rather than specific growth initiatives. This is a common signal that the company is using equity capital to fund ongoing operations rather than transformative investments.
For a company in the high-growth sports betting sector, this relatively modest capital raise indicates SharpLink is taking an incremental approach to funding its operations as it navigates the challenging and competitive landscape of sports betting marketing.
MINNEAPOLIS, May 20, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and global iGaming industries, today announced the pricing of its “reasonable best efforts” public offering for the purchase and sale of up to 1,530,612 shares of common stock (or common stock equivalents in lieu thereof) at an offering price of
The closing of the Offering is expected to occur on or about May 21, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this Offering for working capital and general corporate purposes and other purposes detailed in the prospectus for the Offering that has been filed with the Securities and Exchange Commission (“SEC”).
A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.
The securities described above are being offered pursuant to a registration statement on Form S-1, as amended (File No. 333-286964) previously filed with the SEC, which became effective on May 20, 2025. The Offering is being made only by means of a prospectus forming part of the effective registration statement. A preliminary prospectus relating to the Offering has been filed with the SEC. An electronic copy of the final prospectus will be filed with the SEC and may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink is a trusted marketing partner to leading sportsbooks and online casino gaming operators worldwide. Through its iGaming affiliate marketing network, known as PAS.net, SharpLink focuses on driving qualified traffic and player acquisitions, retention and conversions to U.S. regulated and global iGaming operator partners worldwide. In fact, PAS.net won industry recognition as the European online gambling industry’s Top Affiliate Website and Top Affiliate Program for four consecutive years by both igamingbusiness.com and igamingaffiliate.com. SharpLink also owns and operates a portfolio of direct-to-player, state-specific, affiliate marketing websites designed to attract, acquire and drive local sports betting and online casino gaming traffic to its valued partners which are licensed to operate in each respective state. For more information, please visit www.sharplink.com.
Forward-Looking Statement
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the anticipated closing of the Offering, the Company’s anticipated use of the proceeds from the Offering, the Company’s ability to grow its business through strategic growth opportunities, the potential benefits of the Company’s products, services and technologies and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s satisfaction of closing conditions for the Offering, the Company’s ability to achieve profitable operations, government regulation of online betting, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. The Company does not undertake any responsibility to update the forward-looking statements in this press release.
Contact Information:
INVESTOR AND MEDIA RELATIONS
ir@sharplink.com
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