According to SEC documents from Foresight News, SharpLink Gaming plans to issue and sell common stocks, with total sales proceeds potentially reaching up to $5 billion (before deducting sales agent commissions and related expenses). The specific amount raised will depend on the actual number of common stocks sold and their market price at the time of sale. SharpLink Gaming intends to use most of the proceeds to purchase Ethereum. Additionally, the company plans to use the raised funds for working capital needs, general corporate purposes, operating expenses, and the development of its core alliance marketing business.
SharpLink Gaming plans to sell up to $5 billion in additional common stock and advance Ethereum reserve strategy
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