SharpLink, an Ethereum treasury company listed on Nasdaq under the ticker SBET, announced it has signed a securities purchase agreement with an institutional investor to issue 10.013351 million shares of common stock along with accompanying warrants at a combined price of $7.49 per share.
According to Foresight News, the combined offering price represents an approximately 41% premium to the company’s June 18 closing price of $5.29 and is also higher than the net asset value tied to the company’s Ethereum holdings as of June 16.
The warrants have an exercise price of $8.15 per share, are exercisable immediately upon issuance, and will remain valid for four years. The private placement is expected to raise about $75 million in gross proceeds before offering expenses, with closing expected on June 23.
SharpLink CEO Joseph Chalom said the financing reflects professional investors’ recognition of the company’s Ethereum treasury strategy. He added that proceeds will be used for working capital and general corporate purposes, including continued purchases of ETH and share repurchases under the company’s stock buyback plan.
A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering.
STOCKS | SharpLink Signs Securities Purchase Agreement to Issue 10.01 Million Shares With Warrants
2026-06-22 13:34:09
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
