secwatch.observer — SEC 8-K summary
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Issuer:     Sharplink, Inc. (SBET)
CIK:        0001981535
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001641172-25-002496
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981535/000164117225002496/0001641172-25-002496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981535/000164117225002496/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002496

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer