---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000767"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:18:25.425520+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nasdaq panel grants SharpLink extension to May 23, 2025 to meet bid price and equity rules

## Summary
- Must demonstrate compliance with minimum $1.00 bid price and $2.5M stockholders' equity by May 23, 2025.
- Company must file public disclosure of equity-increasing transactions and provide updated fundraising plan and 12-month projections.
- Stock remains listed on Nasdaq during the extension period; non-compliance risk persists.
- CEO salary increase to $440,000 and CFO increase to $261,684 contingent on regaining compliance by May 23, 2025.
- CEO eligible for 220,000 RSUs and CFO for 130,842 RSUs based on 2025 performance benchmarks.

## SEC filing metadata
- accession: 0001641172-25-000767
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225000767/0001641172-25-000767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225000767/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000767
- JSON: https://secwatch.observer/filing/0001641172-25-000767.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000767.txt

## Key facts
- Listing & Compliance Notices
  Sharplink, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5550(b)(1)
  source text: March 21, 2025, SharpLink Gaming, Inc. (“SharpLink” or the “Company”) received notice (the “Notice”) from the Nasdaq Hearings Panel (the “Hearings Panel”) of The Nasdaq Stock Market, LLC (“Nasdaq”) stating that the Hearings Panel has granted the Company’s request for additional time to achieve compliance with Nasdaq’s continued listing rules and demonstrate long-term compliance with the minimum bid price requirement as set forth in Rule 5550(a)(2) (the “Bid Price Rule”), which requires issuers to maintain a minimum bid price of $1.00 per share on the Nasdaq, and with Listing Rule 5550(b)(1), w
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981535/000164117225000767/0001641172-25-000767-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.