Entrypoint South Ltd. signed a Share and Asset Purchase Agreement to acquire Legacy Mer Telecommunications Systems business of SharpLink Gaming Ltd. and MTS IntegraTRAK, Inc. from SharpLink Gaming Ltd. (NasdaqCM:SBET) for $1 million on November 10, 2022. In consideration of Entrypoint acquiring all rights, title, interests and benefits to Legacy Mer Telecommunications Systems business, including 100% of the shares of MTS Integratrak Inc., it will pay SharpLink an earn-out payment equal to three times Legacy Mer Telecommunications Systems business' Earnings Before Interest, Taxes and Depreciation ("EBITDA") for the year ending December 31, 2023, up to a maximum earn-out payment of $1 million. Transaction is subject to customary closing conditions and required regulatory approval from the Israel Innovation Authority.

Entrypoint South Ltd. acquired Legacy Mer Telecommunications Systems business of SharpLink Gaming Ltd. and MTS IntegraTRAK, Inc. from SharpLink Gaming Ltd. (NasdaqCM:SBET) on December 31, 2022. In connection with the transaction, Entrypoint South Ltd. changed its name to MTS Technology Ltd.