TechFlow, September 5 — SharpLink, an Ethereum treasury company, announced on X that it is fully compliant with Nasdaq rules. If it chooses to execute its ATM financing program to support ETH purchases, no further shareholder approval would be required. The company's strategy remains unchanged: it will only raise capital when such funding creates value for shareholders. SharpLink stated it will strictly adhere to compliance and transparency, ensuring all transactions are conducted in accordance with Nasdaq rules and industry practices.
Earlier reports indicated that sources revealed Nasdaq is intensifying its scrutiny of listed companies that often raise funds to purchase and accumulate cryptocurrencies in an effort to inflate their stock prices.
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