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Sharplink Prices $75 Million Registered Direct Offering

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SharpLink Gaming (SBET) priced a registered direct offering Monday of up to about 10 million shares and warrants at $7.49 each for gross proceeds of approximately $75 million.

The company said the price represents a 41% premium to its closing share price of $5.29 on June 18.

Net proceeds from the offering, which is set to close around Tuesday, will be used for working capital and other general corporate purposes.

Shares of SharpLink Gaming were up 4% in early trading Monday.

Price: $5.50, Change: $+0.21, Percent Change: +3.97%

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