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.

item 1.01 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. amended Amended Agreement with Regulatory Parent (effective 2024-05-08).

Action: amendment
Agreement: asset purchase
Counterparty: Regulatory Parent
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, SharpLink Gaming, Inc. (“SharpLink” or the “Company”), as successor in interest to SHGN Parent (as defined below), entered into an amended and fully restated post-closing assignment agreement (“Amended Agreement"), amending the terms and conditions of the original Purchase Agreement (“Purchase Agreement"), dated January 18, 2024

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Sharplink, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-019279

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