TechFlow news, on May 31, sports betting operator SharpLink Gaming filed Form S-3 ASR with the U.S. SEC and entered into an ATM (at-the-market) sales agreement with A.G.P., under which it may issue and sell up to $1 billion of its common stock through A.G.P.
The majority of the proceeds from this offering will be used to purchase Ethereum blockchain's native cryptocurrency ETH, and the company also plans to use the proceeds for working capital needs, general corporate purposes, operating expenses, and other operational requirements.
Previous report, SharpLink Gaming announced a $425 million private placement, designating ETH as treasury reserve assets.
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