Sharplink (SBET) Signs SPA With Institutional Buyer for 10 Million of its Common Stock
Key takeaways
- Sharplink (SBET) Signs SPA With Institutional Buyer for 10 Million of its Common Stock Muhammad Ali Khalid Tue, June 30, 2026 at 11:34 PM GMT+7 2 min read SBET Sharplink Inc.
- (NASDAQ:SBET) finalized a securities purchase agreement with an institutional buyer.
- Subject to usual restrictions, the registered direct offering was scheduled to close on or near June 23, with projected gross proceeds of $75 million excluding related fees and expenses.
Sharplink (SBET) Signs SPA With Institutional Buyer for 10 Million of its Common Stock Muhammad Ali Khalid Tue, June 30, 2026 at 11:34 PM GMT+7 2 min read SBET Sharplink Inc. (NASDAQ:SBET) is one of the 10 best stocks under $10 offering more than 50% upside.
On June 22, Sharplink Inc. (NASDAQ:SBET) finalized a securities purchase agreement with an institutional buyer. The agreement will involve the buying and selling of more than 10 million Sharp Link common shares, each with a par value of $0.0001. The arrangement also includes warrants to buy the above-mentioned shares at a purchase price of $7.49.
This price translates into a 41% premium to the stock's closing price of $5.29 on June 18. It also surpasses the net asset value of the company's ETH portfolio, valued at 875,776 ETH as of June 16. The Warrants are directly exercisable upon issuance, have an exercise price of $8.15 per share, and have an expiry of 4 years following the issuance.