SharpLink Gaming Raises $76.5M in Premium-Priced Direct Stock Offering to Expand Ether Treasury

Deal Summary

SharpLink Gaming (SBET) sold 4.5 million shares at $17 each in a direct offering priced at a 12% premium, raising $76.5 million to expand its ether holdings. An unnamed institutional investor bought the shares and received a 90-day option to purchase an additional 4.5 million shares at $17.50.