SharpLink Gaming Secures $76.5 Million Direct Offering Agreement

According to PANews, SharpLink Gaming, based in Minneapolis, has announced a registered direct offering agreement with an institutional investor valued at $76.5 million. The deal involves the issuance of 4.5 million common shares at $17 per share, representing a 12% premium over the October 15 closing price of $15.15. This price also exceeds the net asset value of the company's holdings of over 840,000 ETH. The investor has also been granted a 90-day premium subscription right, allowing the purchase of an additional 4.5 million shares at $17.5 per share by January 15, 2026. If fully exercised, this option could bring in approximately $78.8 million for the company.