SharpLink enters ATM equity facility to sell up to $1.68M common stock

Sharplink, Inc.

On May 1, 2024, SharpLink entered an ATM Sales Agreement with A.G.P./Alliance Global Partners.
Company may offer and sell up to $1,676,366 of common stock at market, subject to conditions.
Agent receives 3.0% commission on gross proceeds; $50,000 expense reimbursement upon signing.
Initial reservation of 1,596,539 shares at $1.05/share reference price.
No obligation to sell; sales dependent on market conditions and capital needs.

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 ATM Sales Agreement with A.G.P./Alliance Global Partners valued at up to $1,676,366 (effective 2024-05-01).

Action: entry
Agreement: atm program
Counterparty: A.G.P./Alliance Global Partners
Value: up to $1,676,366
Effective: 2024-05-01

Exact text from the filing

On May 1, 2024, SharpLink Gaming, Inc. (“SharpLink” or the “Company”) entered into an ATM Sales Agreement (the “ATM Sales Agreement”) with A.G.P./Alliance Global Partners (the “Agent”) pursuant to which the Company may offer and sell, from time to time, through the Agent, as sales agent and/or principal, shares of its common stock, par value $0.0001 per share (the “Common Stock”), having an aggregate offering price of up to $1,676,366 (“Shares”), subject to certain limitations on the amount of Common Stock that may be offered and sold by the Company set forth in the ATM Sales Agreement (the “Offering”).

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Sharplink, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-017702

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