---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-002496"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:52:35.198138+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SharpLink Gaming exchanges preferred shares for common stock and prefunded warrants with Alpha Capital

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-002496
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225002496/0001641172-25-002496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225002496/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002496
- JSON: https://secwatch.observer/filing/0001641172-25-002496.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002496.txt

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