Sharplink Gaming is raising an additional $400 million by selling its shares

Description

Sharplink Gaming, an online gaming marketer, is raising an additional $400 million by selling its shares to five global investors at $21.76 per share. The goal is to boost its ETH holdings beyond $3 billion, or approximately 1% of the ETH circulating supply. The online gaming marketer’s stock spiked to $28 before closing the day at $22.34. Alliance Global Partners (AGP) acts as the sole placement agent, and Cantor is the financial advisor for the registered direct offering. The sale is expected ...