RSports Interactive, Inc agreed to acquire Fantasy Sports and Sports Game Development Business Units of SharpLink Gaming Ltd. (NasdaqCM:SBET) for $22.5 million on January 18, 2024. The consideration is paid through cash. All employees of acquired business units will join RSports Interactive.

Chris Nicholas, Chief Operating Officer and a member of the Board of Directors, resigned as an officer and director of the SharpLink Gaming Ltd. SharpLink used approximately $14.9 million of the proceeds from the sale to repay in full all outstanding term loans and lines of credit in addition, SharpLink paid approximately $4.5 million to redeem an 8% Interest, 10% Original Issue Discount Senior Convertible Debenture and expects to significantly reduce its operating expenses. Corporate Law Partners, PLLC acted as legal advisor to SharpLink Gaming Ltd. (NasdaqCM:SBET) and Erickson | Sederstrom, PC, LLO acted as legal advisor to RSports Interactive, Inc.