Sharplink terminates Galaxy, ParaFi Ethereum asset management agreements, effective May 31, 2026

Sharplink, Inc.

Mutual termination of agreements with Galaxy Digital and ParaFi Capital for Ethereum investment management.
Termination effective May 31, 2026; no termination fees or penalties owed by Sharplink.
Decision driven by addition of internal asset management personnel; no disagreement with Galaxy or ParaFi.
No remaining obligations under the agreements beyond those in the termination agreements.

item 1.02

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. terminated ParaFi Asset Management Agreement with ParaFi Capital LP (effective 2026-05-31).

Action: termination
Counterparty: ParaFi Capital LP
Effective: 2026-05-31

Exact text from the filing

On April 3, 2026, the Company also entered into a mutual termination agreement (the "ParaFi Termination Agreement" and together with the Galaxy Termination Agreement, the "Termination Agreements"),with ParaFi Capital LP ("ParaFi") in connection with the mutual termination of that certain asset management agreement between ParaFi and the Company, dated May 30, 2025, for certain for certain discretionary investment management services with respect to the Company’s purchase of Ethereum (the "ParaFi Asset Management Agreement, and, together with the Galaxy Asset Management Agreement, the "Asset Management Agreements"). Pursuant to the ParaFi Termination Agreement, the Galaxy/ParaFi Asset Management Agreement will be terminated effective May 31, 2026.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sharplink, Inc. terminated Galaxy Asset Management Agreement with Galaxy Digital Capital Management LP (effective 2026-05-31).

Action: termination
Counterparty: Galaxy Digital Capital Management LP
Effective: 2026-05-31

Exact text from the filing

On April 3, 2026, Sharplink, Inc., a Delaware corporation (the "Company") entered into a mutual termination agreement (the "Galaxy Termination Agreement") with Galaxy Digital Capital Management LP ("Galaxy") in connection with the mutual termination of that certain asset management agreement by and between the Company and Galaxy, dated May 30, 2025, for certain discretionary investment management services with respect to the Company’s purchase of Ethereum (the "Galaxy Asset Management Agreement"). Pursuant to the Galaxy Termination Agreement, the Galaxy Asset Management Agreement will be terminated effective May 31, 2026.

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Source: SEC EDGAR

accession 0001493152-26-015182

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