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SharpLink Gaming filed SEC filings against "PIPE investors selling their holdings", causing shares to plunge about 70% in after-hours trading.
On June 13, SharpLink Gaming (SBET), a Nasdaq-listed company that is seeking an Ethereum reserve strategy, plunged about 70% in after-hours trading on Thursday after filing new filings with the SEC. It is reported that the company filed an S-3ASR registration statement, which allows the resale of up to 58,699,760 shares of more than 100 shareholders related to its Private Equity (PIPE) financing. At one point, the market took the statement to indicate that PIPE investors had sold their holdings,...
2025-06-13 00:51:49
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