Private placement is guided by Consensys Software Inc., a blockchain technology giant established by Ethereum co-founder Joseph Lubin. The other prominent participants are Pantera Capital, ParaFi Capital, Electric Capital, Galaxy Digital, Arrington Capital, and Republic Digital—some of the most powerful investment companies in the crypto community.
SharpLink signed securities purchase agreements to sell about 69.1 million shares at $6.15 per share, a slightly higher rate of $6.72 for select members of the management team. Closing is anticipated by May 29, 2025.
CEO Rob Phythian and CFO Robert DeLucia are also investing personally in the round, which demonstrates a high level of insider confidence in the direction of the company.
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