Another milestone for $SBET: raising $76.5M at a 12% premium (with potential for $79M more at a 19% premium), accretive to shareholders, and fueling our relentless focus on increasing ETH per share.
We’ve raised $76.5M by issuing equity at $17 per share (12% premium to market), with the potential for ~$79M more though a novel 90-day premium purchase contract at $17.50 per share (19% premium) – the first of its kind in the DAT ecosystem.
- SharpLink sold equity at both a market and mNAV premium
- This capital raise is accretive to shareholders
- Gives us immediate $76.5M to deploy into increasing ETH per share
- Continues $SBET momentum and ETH accumulation
We are building the most trusted, long-term focused, ETH per share obsessed treasury.
We will continue to work night and day to identify opportunities to create value for our shareholders.
The asset is $ETH, the ticker is $SBET.
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