other material
confidence high
sentiment negative
materiality 0.70
SharpLink Gaming announces 1-for-12 reverse stock split to meet Nasdaq $1.00 bid price
Sharplink, Inc.
- Reverse split at 1:12 ratio effective after market close May 5, 2025; post-split trading begins May 6.
- Fractional shares rounded to nearest whole share (half down); no cash in lieu.
- CUSIP changes to 820014405; symbol SBET unchanged; split applies to warrants and options.
- Authorized shares not proportionally reduced; split intended to comply with Nasdaq minimum bid requirement.
- Shareholders to receive exchange instructions from transfer agent Equiniti Trust Company.