SharpLink Gaming Ltd. (NasdaqCM:SBET) entered into an agreement to acquire SportsHub Games Network, Inc. from Alpha Capital Anstalt and other for $3.5 million on September 7, 2022. SharpLink will pay all consideration in stocks. Upon the closing of the merger, the stockholders of SportsHub will receive an aggregate of 3.67 million ordinary shares of SharpLink in exchange for all outstanding capital stock of SportsHub. Closing of the acquisition is subject to approval of SharpLink's shareholders and issued shares will be subject to a six-month lock-up period. As of November 2, 2022, the agreement was amended, if the Parent Stock Price is less than $1.03, then the number of Merger Consideration Shares shall be increased up to a maximum of 1,055,125 Parent Ordinary Shares, as set forth on Schedule 1.1; and (b) if the Parent Stock Price is $1.51 or greater, then the number of Merger Consideration Shares shall be decreased up to a maximum of 450,072 Parent Ordinary Shares, as set forth on Schedule 1.1. The number of Parent Ordinary Shares specified in this paragraph shall be subject to adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent prior to the Effective Time.” Company shall have received from the stockholder representative and the escrow agent an executed Escrow agreement. The transaction is also subject to receive approval from shareholders of SharpLink Gaming. As of December 15, 2022, Shareholders of SharpLink approved the consummation of SharpLink's acquisition of SportsHub Games Network, Inc. The merger is not subject to HSR Act. Benjamin R. Skjold of Corporate law partners PLLC acted as counsel to SportsHub Games Network Gaming. Kevin S. Spreng and Christopher J. Melsha of Fredrikson & Byron, P.A. acted as legal advisor to SharpLink Gaming. Northland Securities, Inc. acted as financial advisor and provided fairness opinion to SharpLink Gaming.

SharpLink Gaming Ltd. (NasdaqCM:SBET) completed the acquisition of SportsHub Games Network, Inc. from Alpha Capital Anstalt and other for $9.9 million on December 22, 2022. In association with the transaction, SharpLink issued, in aggregate, 4,725,125 ordinary shares to common and preferred stockholders of SportsHub, on a fully diluted basis. The purchase price was 4,725,125 of Ordinary Shares as well as the fair value of Seller's term loan of $1,267,199 and line of credit of $4,120,651. The merger was approved by the SharpLink's Board of Directors based on the recommendation of a Special Committee of the Board of Directors consisting exclusively of independent directors, and by the SharpLink's shareholders. Loeb & Loeb, LLP acted as U.S. legal counsel and S. Friedman, Abramson & Co. acted as Israeli legal counsel to SharpLink.