other material
confidence high
sentiment neutral
materiality 0.70
SharpLink Gaming exchanges preferred shares for common stock and prefunded warrants with Alpha Capital
Sharplink, Inc.
- SharpLink exchanged 7,202 Series A-1 Preferred and 12,481 Series B Preferred shares with Alpha Capital for 464,195 common shares and 535,805 prefunded warrants.
- All Series A-1 and Series B Preferred Stock are now eliminated and no longer outstanding.
- The exchange was completed on April 2, 2025, pursuant to an Exchange Agreement under Section 3(a)(9) of the Securities Act.
- Alpha Capital originally invested in convertible preferred shares starting in June 2018, with subsequent purchases through 2020 and a $6 million investment pre-merger.