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SharpLink Chairman Considering Financing Through Convertible Notes to Stabilize Stock Price
Summary: In an interview, Joseph Lubin, Chairman of the Board of SharpLink and CEO/Founder of ConsenSys, revealed that SharpLink has been selling its stocks through ATM (At-The-Market), leading to dilution of SBET investors' equity. This has caused panic and concern, resulting in the stock price dropping from $37 to below $20 in less than two weeks. ...
In an interview, Joseph Lubin, Chairman of the Board of SharpLink and CEO/Founder of ConsenSys, revealed that SharpLink has been selling its stocks through ATM (At-The-Market), leading to dilution of SBET investors' equity. This has caused panic and concern, resulting in the stock price dropping from $37 to below $20 in less than two weeks. Issuing convertible notes would allow SharpLink to raise funds without immediately diluting equity (although convertible bonds carry debt risks and may lead to future dilution upon conversion), potentially stabilizing SBET in the short term (reducing stocks entering the market).
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Link: SharpLink Chairman Considering Financing Through Convertible Notes to Stabilize Stock Price [Copy]
