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.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 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”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 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”).

View on SEC.gov

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Sharplink, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-009433

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