SharpLink Gaming Ltd. Ordinary Shares - SBET STOCK NEWS

SharpLink Gaming Ltd. (Nasdaq: SBET) has announced progress in licensing for sports betting conversion solutions across 12 U.S. states, including major markets like New Jersey and New York. The company is also in the advanced stages of licensing in Arizona, Louisiana, Michigan, and Virginia. Following the Supreme Court's 2018 decision to allow state-regulated sports betting, SharpLink’s operations represent about 59% of total betting handle in legal states. CEO Rob Phythian highlighted compliance and licensing as crucial for growth in the expanding online betting market.

SharpLink Gaming Ltd. (Nasdaq:SBET) announced that CEO Rob Phythian will participate in a panel at the 2022 Fantasy Sports & Gaming Association Winter Conference in Las Vegas on February 15-16, 2022. The conference is a key event for the fantasy sports and gaming industry, representing the interests of 60 million players in the U.S. and Canada. Phythian's panel, titled 'Exploding into Sports Betting and Fantasy Sports,' is scheduled for February 16, 2022, from 12:30 PM to 1:15 PM PT, at The Linq Hotel.

SharpLink Gaming Ltd. (Nasdaq:SBET) announced its intention to change its jurisdiction of incorporation from Israel to Delaware by filing a registration statement with the SEC. CEO Rob Phythian stated that this decision aligns with the company's operations being predominantly U.S.-based and aims to benefit shareholders through Delaware's corporate governance principles. The company will merge with a newly-formed Delaware subsidiary, and the stock will continue trading under the same symbol. A special shareholder meeting for approval is expected in Q2 2022.

SharpLink Gaming Ltd. (Nasdaq:SBET) has announced a strategic acquisition of assets from FourCubed Management, LLC and 6t4 Company for $8.15 million. The deal includes $6.5 million in cash and 600,000 restricted shares. This acquisition aims to enhance SharpLink's capabilities in iGaming and affiliate marketing, leveraging FourCubed's technology and expertise. With over 2.5 million active players, SharpLink expects to unlock significant value and improve customer lifetime value. The acquisition positions SharpLink for growth in the growing U.S. online betting market.

SharpLink Gaming Ltd. (Nasdaq: SBET) announced that its shareholders approved key matters at the Annual General Meeting held on December 20, 2021. The reelection of board members Joe Housman, Rob Phythian, Chris Nicholas, Paul Abdo, and Tom Doering was successfully concluded, ensuring continuity in leadership. Additionally, shareholders ratified the appointment of RSM US LLP as the company’s independent public accountants for 2021, allowing for flexibility in compensation management by the Board of Directors based on services rendered.

SharpLink Gaming Ltd. (Nasdaq: SBET) announced CEO Rob Phythian will participate in a panel at the SBC Summit North America 2021 on December 1, 2021. The panel, titled “Building Sustainable Revenue through Technological Innovation,” will feature industry leaders discussing opportunities within the U.S. sports betting sector. SharpLink, founded in 2019, specializes in connecting sports fans with relevant betting content using AI technologies. The company's focus on technological solutions aims to enhance user engagement and conversion in the online betting landscape.

SharpLink Gaming Ltd. (Nasdaq:SBET) announced a securities purchase agreement with an existing institutional investor for the sale of 1,413,075 shares at $3.75 each, raising gross proceeds of $10 million. After expenses, net proceeds are estimated at approximately $9.9 million, intended for technology and business development initiatives. Additionally, the investor is set to purchase a warrant for 2,666,667 shares at an exercise price of $4.50, which could yield another $12.15 million upon exercise. The offering is expected to close around November 19, 2021.

SharpLink Gaming Ltd. (Nasdaq:SBET) and Quintar, Inc. announced a partnership to integrate SharpLink’s C4 Sports Betting Conversion Technology with Quintar’s Q.reality Augmented Reality technology. This collaboration aims to create an enhanced interactive experience for sports fans, merging live sports events with real-time sports betting. The platform will allow bettors to engage with live events through AR and will support mobile, TV, and AR devices. The global AR market is projected to exceed $125 billion by 2026, presenting significant growth potential for both companies.

SharpLink Gaming Ltd. (Nasdaq:SBET) has announced the rescheduling of its Corporate Update Webcast to December 15, 2021, at 11:30 AM ET due to an unforeseen scheduling conflict. Investors and analysts are invited to submit questions via email by December 10, 2021. The company specializes in technology solutions for the online sports betting industry, offering a platform that enhances user experience and engagement. Founded in 2019, SharpLink provides personalized betting offers through advanced AI and modeling techniques.