SharpLink Completes US$76.5 Million Private Placement at a 12% Premium

Huoxun Finance reported on October 16th that Minneapolis-based SharpLink Gaming (NASDAQ: SBET) has entered into a registered direct offering agreement with an institutional investor for $76.5 million. The offering will see 4.5 million shares of common stock offered at $17 per share, a 12% premium to the closing price of $15.15 on October 15th. This price also represents a premium to the net asset value of the company's holdings of over 840,000 ETH. The investor also received a 90-day premium call option to purchase an additional 4.5 million shares at $17.50 per share before January 15, 2026. If fully exercised, the company will receive approximately $78.8 million in proceeds.