SharpLink Gaming intends to conduct a secondary offering of up to $5 billion in common stock to purchase ETH

BlockBeats News, July 18th, according to a prospectus supplement filed with the U.S. Securities and Exchange Commission (SEC) by SharpLink Gaming, it may from time to time issue and sell shares of common stock, with the total aggregate offering amount of up to $5 billion (excluding sales agent commissions and related expenses). The specific amount of proceeds from this offering will depend on the actual number of shares of common stock sold and the market price at the time of sale. SharpLink Gaming cannot guarantee that it will be able to sell any shares under the sales agreement or utilize the full amount allowed under the agreement.

SharpLink Gaming plans to use most of the proceeds from this offering to purchase Ethereum (ETH). Additionally, SharpLink Gaming intends to use the proceeds for working capital needs, general corporate purposes, operating expenses, and to further its core alliance marketing efforts.