SharpLink Gaming plans to sell up to $5 billion worth of common stock to purchase ETH

BlockBeats News: On July 18th, according to SharpLink Gaming's supplementary prospectus submitted to the US Securities and Exchange Commission (SEC), it may issue and sell common stock from time to time, with a cumulative sales revenue of up to $5 billion (excluding sales agency commissions and related fees). The specific amount obtained from this issuance will depend on the actual number of common shares sold and the market price at the time of sale. SharpLink Gaming cannot guarantee the successful sale of any shares or the full utilization of the quota allowed under the sales agreement. SharpLink Gaming plans to use most of the funds raised from this issuance to purchase Ethereum (ETH). In addition, SharpLink Gaming plans to use the raised funds for working capital needs, general company purposes, operating expenses, and the development of core alliance marketing businesses.