SharpLink Gaming (NASDAQ: SBET) sets $1.5B share buyback program

Rhea-AI Filing Summary

SharpLink Gaming, Inc. disclosed that its board approved a 2025 share repurchase program authorizing the company to buy back up to $1.5 billion of its common stock. This allows the company to reacquire its own shares over time as it chooses. The company has already used the program, repurchasing approximately 939,000 shares of common stock on September 8, 2025 at an average price of $15.98 per share. A press release discussing the 2025 Share Repurchase Program was issued on September 9, 2025 and furnished as an exhibit.

Positive

• Approved $1.5 billion share repurchase program, giving the company significant authorized capacity to buy back its common stock.
• Already repurchased approximately 939,000 shares at $15.98 per share on September 8, 2025 under the new program, demonstrating active implementation.

Negative

• None.

Insights

Equity Capital Allocation Analyst

SharpLink authorizes a large buyback and begins repurchasing shares.

SharpLink Gaming’s board approved a 2025 share repurchase program authorizing up to $1.5 billion of common stock repurchases. This provides a formal framework for the company to buy back shares using available resources, potentially over an extended period, at its discretion.

The company has already acted under this authorization, repurchasing about 939,000 shares on September 8, 2025 at an average price of $15.98 per share. The actual effect on the share count and financial position will depend on how much of the $1.5 billion capacity is ultimately used and over what timeframe, as indicated by future disclosures.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 9, 2025

SHARPLINK GAMING, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-41962		87-4752260
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

333 Washington Avenue North, Suite 104, Minneapolis, Minnesota		55402
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (612) 293-0619

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol		Name of each exchange on which registered
Common Stock, $0.0001 per share		SBET		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On September 9, 2025, SharpLink Gaming, Inc. (the “Company”) issued a press release announcing the utilization of its 2025 Share Repurchase Program as described herein. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this item 7.01 by reference.

The information in this Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 is being furnished to the U.S. Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.

Item 8.01 Other Events.

Stock Repurchase Program

On August 21, 2025, the Board of Directors of the Company approved a share repurchase program (the “2025 Repurchase Program”) providing for the repurchase of up to $1.5 billion of the Company’s outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”).

On September 8, 2025, the Company repurchased approximately 939,000 shares of Common Stock at an average price of $15.98 per share.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated September 9, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 9, 2025	SHARPLINK GAMING, INC.
	/s/ Rob Phythian
	Rob Phythian
	Co-Chief Executive Officer

FAQ

What did SharpLink Gaming (SBET) announce in this 8-K?

SharpLink Gaming announced that its board approved a 2025 share repurchase program authorizing the company to repurchase up to $1.5 billion of its common stock, and that it has already begun repurchasing shares under this program.

How large is SharpLink Gaming’s 2025 share repurchase program?

The 2025 share repurchase program authorizes SharpLink Gaming to repurchase up to $1.5 billion of its outstanding common stock, par value $0.0001 per share.

How many SharpLink Gaming shares were repurchased and at what price?

On September 8, 2025, SharpLink Gaming repurchased approximately 939,000 shares of its common stock at an average price of $15.98 per share under the 2025 Repurchase Program.

When did SharpLink Gaming’s board approve the 2025 Repurchase Program?

The board of directors approved the 2025 Repurchase Program on August 21, 2025, authorizing share repurchases of up to $1.5 billion.

Does this 8-K include the full details of the repurchase program?

The 8-K states that additional information on the 2025 Share Repurchase Program is included in a press release dated September 9, 2025, which is furnished as Exhibit 99.1.

Is the SharpLink Gaming press release part of this filing?

Yes. The press release dated September 9, 2025 regarding the utilization of the 2025 Share Repurchase Program is attached as Exhibit 99.1 and is furnished, not filed, for purposes of the Exchange Act.