8-Kfiled March 8, 2024, 6:59 PM ETticker SBETCIK 0001981535
other materialconfidence highsentiment neutralmateriality 0.60
SharpLink exchanges $900K warrant for shares, pre-funded warrant, and $260K balance warrant
Sharplink, Inc.
Exchanged 880K-share warrant (Black-Scholes value $900K) for 156,207 shares, pre-funded warrant for 469,560 shares, and a balance warrant valued at $260,111.
Balance warrant subject to repurchase per Jan 2024 Settlement Agreement: earlier of June 30, 2024, $3M raise, or fundamental transaction.
Issue exempt from registration under Section 3(a)(9); shares take on registered characteristics of exchanged warrant.
Transaction closed March 8, 2024; Alpha Capital Anstalt is the investor.
Extracted from this filing and checked against the source text.
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.9
Sharplink, Inc. entered into Exchange Agreement with Alpha (effective 2024-03-06).
Action
entry
Counterparty
Alpha
Effective
2024-03-06
Exact text from the filing
r the “Company”), issued a warrant to Alpha Capital Anstalt (“Alpha”) to purchase 880,000 common shares (as adjusted for the 1-for-10 -reverse stock split) of the Company (the “2023 Warrant”).
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.9
Sharplink, Inc. entered into Settlement Agreement with Alpha Capital Anstalt (effective 2024-01-19).
Action
entry
Agreement
settlement
Counterparty
Alpha Capital Anstalt
Effective
2024-01-19
Exact text from the filing
r the “Company”), issued a warrant to Alpha Capital Anstalt (“Alpha”) to purchase 880,000 common shares (as adjusted for the 1-for-10 -reverse stock split) of the Company (the “2023 Warrant”).
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