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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 19, 2025
SHARPLINK GAMING, INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
|
001-41962 |
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87-4752260 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
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(IRS Employer
Identification No.) |
333 Washington Avenue North, Suite 104, Minneapolis, Minnesota |
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55402 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including
area code: (612) 293-0619
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading symbol |
|
Name of each exchange on which registered |
Common Stock, $0.0001 per share |
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SBET |
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The Nasdaq Stock Market, LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On August 19, 2025, SharpLink Gaming, Inc. (the
“Company”) issued a press release announcing the Company’s ETH holdings to date and net proceeds from the Sales Agreement,
dated May 30, 2025, as amended, between the Company and A.G.P./Alliance Global Partners, as Sales Agent (the “ATM Facility”)
as well as a registered direct offering that closed on August 11, 2025 (the “Registered Offering”). The press release is attached
as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this item 7.01 by reference.
The information in this Item 7.01 of this Current
Report on Form 8-K, including the information contained in Exhibit 99.1 is being furnished to the U.S. Securities and Exchange Commission,
and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference
into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific
reference in such filing.
Item 8.01 Other Events.
ETH Update
During the period from August 10, 2025 through
August 17, 2025, the Company acquired 143,593 ETH for an aggregate purchase price of approximately $667.4 million (inclusive of fees and
expenses) at a weighted average purchase price per ETH of $4,648 (inclusive of fees and expenses). The purchases were made using the proceeds
the Company received from the ATM Facility and Registered Offering as described herein. The Company engages in staking activities with
respect to its ETH (“ETH Holdings”). As of August 17, 2025, substantially all of the ETH Holdings were deployed in staking,
including through liquid staking (“Staking Activities”). As of August 17, 2025, the Company’s aggregate ETH Holdings
were 740,760. As of August 17, 2025, the Company has generated 1,388 ETH staking rewards, since launching its ETH treasury strategy on
June 2, 2025. We note that aspects of our Staking Activities may be subject to government regulation and guidance subject to change.
At-the-Market Facility
During the period from August 10, 2025, through
August 15, 2025, the Company sold a total of 6.6 million shares of the Company’s common stock, par value $0.0001 per share, for
net proceeds of approximately $146.5 million pursuant to the ATM Facility.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
|
Description |
99.1 |
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Press Release, dated August 19, 2025 |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: August 19, 2025 |
SHARPLINK GAMING, INC. |
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/s/ Rob Phythian |
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Rob Phythian |
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Chief Executive Officer |