other material
confidence high
sentiment neutral
materiality 0.65
SharpLink Gaming amends post-closing assignment agreement for fantasy sports unit sale
Sharplink, Inc.
- On May 8, 2024, SharpLink amended the Purchase Agreement with RSports Interactive and SportsHub PA Holdings.
- The amendment excludes transfer of SHGN (C-Corp) and directs membership interests of Acquired Subsidiaries to Buyer/Assignee.
- Acquired Subsidiaries include SportsHub Reserve, LLC and SportsHub PA, LLC, licensed fantasy contest operators in Pennsylvania.
- The assignment is subject to approval of a Petition by the Pennsylvania Gaming Control Board, not yet approved.
- SHGN will remain with SHGN Parent after regulatory approval.