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0001981535
0001981535
2026-04-03
2026-04-03
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xbrli:shares
iso4217:USD
xbrli:shares
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): April 3, 2026
SHARPLINK,
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.) |
| 200
S. Biscayne Boulevard, Floor 20, Miami, Florida |
|
33131 |
| (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
1.02 |
Termination
of a Material Definitive Agreement. |
On
April 3, 2026, Sharplink, Inc., a Delaware corporation
(the “Company”) entered into a mutual termination agreement (the “Galaxy Termination Agreement”) with Galaxy
Digital Capital Management LP (“Galaxy”) in connection with the mutual termination of that certain asset management agreement
by and between the Company and Galaxy, dated May 30, 2025, for certain discretionary investment management services with respect to the
Company’s purchase of Ethereum (the “Galaxy Asset Management Agreement”). Pursuant to the Galaxy Termination
Agreement, the Galaxy Asset Management Agreement will be terminated effective May 31, 2026.
On
April 3, 2026, the Company also entered into a mutual
termination agreement (the “ParaFi Termination Agreement” and together with the Galaxy Termination Agreement, the “Termination
Agreements”),with ParaFi Capital LP (“ParaFi”) in connection with the mutual termination of that certain asset management
agreement between ParaFi and the Company, dated May 30, 2025, for certain for certain discretionary investment management services with
respect to the Company’s purchase of Ethereum (the “ParaFi Asset Management Agreement, and, together with the Galaxy Asset
Management Agreement, the “Asset Management Agreements”). Pursuant to the ParaFi Termination Agreement, the Galaxy/ParaFi
Asset Management Agreement will be terminated effective May 31, 2026.
Neither
the Company nor Galaxy or ParaFi shall have any remaining or future obligations or commitments to the other party under the Asset Management
Agreements other than those amounts pursuant to the Termination Agreements. Further, the Company is not required to pay Galaxy
or ParaFi any termination fees or penalties in connection with the mutual termination of the Asset Management Agreements.
The
Company appreciates the collaborative relationships it developed with Galaxy and ParaFi and values their respective contributions to
supporting the initial implementation of the Company’s Ether (“ETH”) treasury strategy. The decision to enter into
the Termination Agreements reflects the Company’s continued evolution, including the addition of internal asset management personnel,
and was not the result of any disagreement with either Galaxy or Parafi.
The
foregoing descriptions of the Termination Agreements are not complete and are qualified in its entirety by reference to the full text
of the Termination Agreements, copies of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the
quarter ending March 31, 2026.
There
is currently no material relationship between the Company or its affiliates and Galaxy and ParaFi.
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: April 3, 2026 |
SHARPLINK,
INC. |
| |
|
| |
/s/
Joseph Chalom |
| |
Joseph
Chalom |
| |
Chief
Executive Officer |
