Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Sharplink, Inc. reports that Highbridge Capital Management, LLC, as investment adviser to certain funds, is a significant holder of its Common Stock. Highbridge reports beneficial ownership of 24,370,924 shares, including 10,013,351 shares issuable upon exercise of warrants held by the Highbridge funds.
Highbridge’s reported stake represents 9.9% of Sharplink’s outstanding Common Stock, calculated using 210,262,597 shares outstanding after recent repurchases and giving effect to warrant exercise only up to a 9.99% Blocker. Highbridge has sole voting and dispositive power over the reported shares, while the underlying Highbridge funds are entitled to dividends and sale proceeds.
Key Figures
Beneficially owned shares:24,370,924 sharesShares issuable upon warrant exercise:10,013,351 sharesOwnership percentage:9.9%+4 more
7 metrics
Beneficially owned shares24,370,924 sharesHighbridge Capital Management’s reported beneficial ownership of Sharplink Common Stock
Shares issuable upon warrant exercise10,013,351 sharesCommon Stock issuable upon exercise of the Reported Warrants held by Highbridge funds
Ownership percentage9.9%Highbridge’s reported percent of Sharplink’s outstanding Common Stock
Shares outstanding baseline210,262,597 sharesSharplink Common Stock used to calculate the 9.9% ownership, after repurchases
Repurchased shares2,132,773 sharesSharplink Common Stock repurchased between June 24 and June 26, 2026
Shares after offering212,395,370 sharesSharplink Common Stock outstanding after completion of the referenced offering
Beneficial ownership cap9.99%Maximum ownership permitted under the 9.99% Blocker for warrant exercises
Key Terms
beneficial owner, 9.99% Blocker, dispositive power, investment adviser, +1 more
5 terms
beneficial ownerfinancial
"the beneficial owner of the securities reported herein"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
9.99% Blockerfinancial
"subject to the 9.99% Blocker and the percentage set forth"
dispositive powerfinancial
"Sole Dispositive Power 24,370,924.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
investment adviserfinancial
"the investment adviser to certain funds and accounts"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
Schedule 13Gregulatory
"for the purposes of Section 13 of the Securities Exchange Act"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Sharplink (SBET) does Highbridge Capital report owning?
Highbridge Capital Management reports beneficial ownership of 9.9% of Sharplink’s Common Stock. This percentage reflects a total base of 210,262,597 shares, adjusted for recent repurchases and subject to a 9.99% Blocker on warrant exercises.
How many Sharplink (SBET) shares does Highbridge Capital beneficially own?
Highbridge reports beneficial ownership of 24,370,924 Sharplink Common Stock shares. This figure includes 10,013,351 shares issuable upon full exercise of certain warrants held by Highbridge funds, although a 9.99% Blocker currently limits actual exercisability.
What is the 9.99% Blocker mentioned in Sharplink (SBET) ownership?
The 9.99% Blocker restricts Highbridge from exercising warrants if doing so would make it own over 9.99% of Sharplink’s outstanding Common Stock. As a result, Highbridge cannot currently exercise all its warrants, even though they are counted in beneficial ownership calculations.
How was the Sharplink (SBET) share count calculated for Highbridge’s 9.9% stake?
The ownership percentage uses 210,262,597 Sharplink shares outstanding. This reflects 212,395,370 shares after an offering, minus 2,132,773 shares repurchased by Sharplink between June 24 and June 26, 2026, as disclosed in company filings.
Who ultimately benefits from Highbridge’s Sharplink (SBET) holdings?
The Highbridge Funds have the right to receive dividends and sale proceeds from the Sharplink shares. One fund, Highbridge Tactical Credit Master Fund, L.P., has rights to dividends or sale proceeds from more than 5% of Sharplink’s outstanding Common Stock.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sharplink, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
820014405
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
820014405
1
Names of Reporting Persons
Highbridge Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
24,370,924.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
24,370,924.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,370,924.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.9 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: Includes 10,013,351 shares of Common Stock (as defined in Item 2(a)) issuable upon exercise of the Reported Warrants (as defined in Item 4(a)). As more fully described in Item 4, the Reported Warrants are subject to the 9.99% Blocker (as defined in Item 4(a)) and the percentage set forth on row (11) gives effect to the 9.99% Blocker. However, rows (5), (7) and (9) show the number of shares of Common Stock that would be issuable upon the full exercise of the Reported Warrants and does not give effect to the 9.99% Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the 9.99% Blocker, is less than the number of securities reported on rows (5), (7) and (9).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sharplink, Inc.
(b)
Address of issuer's principal executive offices:
200 S. Biscayne Boulevard, Miami, FL 33131
Item 2.
(a)
Name of person filing:
This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the common stock, par value $0.0001 per share ("Common Stock"), of Sharplink, Inc., a Delaware corporation (the "Issuer"), and shares of Common Stock issuable upon exercise of warrants, directly held by the Highbridge Funds;
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017.
(c)
Citizenship:
Highbridge is a Delaware limited liability company.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
820014405
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 210,262,597 shares of Common Stock, which is the difference obtained by subtracting (i) 2,132,773 shares of Common Stock repurchased by the Issuer during the period from June 24, 2026 through June 26, 2026, as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 30, 2026, from (ii) 212,395,370 shares of Common Stock outstanding, as reported in the Issuer's Prospectus filed pursuant to 424(b)(5) with the Securities and Exchange Commission on June 23, 2026, after giving effect to the completion of the offering, as described therein, and assumes the exercise of the warrants (the "Reported Warrants") held by the Highbridge Funds, subject to the 9.99% Blocker.
Pursuant to the terms of the Reported Warrants, the Reporting Person cannot exercise any of the Reported Warrants to the extent the Reporting Person would beneficially own, after any such exercise, more than 9.99% of the outstanding shares of Common Stock (the "9.99% Blocker") and the percentage set forth in Row (11) of the cover page for the Reporting Person gives effect to the 9.99% Blocker. Consequently, at this time, the Reporting Person is not able to exercise all of such Reported Warrants due to the 9.99% Blocker.
(b)
Percent of class:
9.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). The Highbridge Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein. Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the outstanding Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
