SharpLink Gaming to Get SportsHub Game titles Community to

MINNEAPOLIS, Sept. 08, 2022 (Globe NEWSWIRE) — SharpLink Gaming Ltd. (Nasdaq: SBET) (“SharpLink” or the “Company”), a pioneer of qualified, knowledge-driven consumer engagement and conversion remedies for the U.S. sports activities betting and iGaming industries, today announced that it has entered into an Arrangement and Program of Merger pursuant to which it will acquire 100% of SportsHub Games Network, Inc. (“SportsHub”), an industry main fantasy and sporting activities activity service provider, in an all-inventory transaction. Closing of the acquisition is subject to the pleasure of specified closing circumstances, like shareholder acceptance by SharpLink’s shareholders.

Started in 2015 by a team of veteran fantasy sports sector insiders, SportsHub operates a selection of actual-money fantasy sports and sports activities simulation online games on its totally-certified system. The platform reaches additional than 2 million fantasy athletics enthusiasts who devote pretty much $40 million yearly on its portfolio of online games and contests, supporting the Corporation create practically $6 million in annual revenues in 2021.

“This acquisition gives SharpLink accessibility to a substantial and faithful foundation of fantasy sporting activities admirers who we know are also sports activities bettors, or would very likely come to be sports bettors when legalized in states the place they reside,” reported Rob Phythian, Co-Founder and CEO of SharpLink. “With a thriving ecosystem of cash gamers, many of whom have income in their user accounts, we have a remarkable opportunity to seamlessly combine compelling sportsbook features inside of all areas of the consumer encounter.”

Continuing, Phythian observed, “While many of SportsHub’s fantasy players at present reside in states wherever sports activities betting has still to be legalized these gamers are primed to convert to bettors if these states become lawful. In addition, the SportsHub system is predicted to serve as an a must have proving ground for increasing our C4 technological abilities to offer consumers with very localized, single-level entry to merchandise and services further than embedded personalised athletics betting written content, which includes immediate obtain to lover products, ticketing outlets, neighborhood business enterprise savings and giveaways and other enthusiast-centric goods and providers accessible within just every user’s personalized fandom ecosystem.”

SportsHub’s platform at present contains:

• Nationwide Fantasy Championships, the leading operator of high stakes fantasy soccer, baseball and basketball contests with grand prize payouts as higher as $250,000 and showcasing the industry’s leading reside draft knowledge in Las Vegas and New York
• Bestball10s, the vastly well-liked season-extensive ideal ball league structure
• Fanball, one particular of the top rated every day fantasy sports activities destinations wherever buyers contend against in the same way proficient gamers in draft, auction and income cap design day by day fantasy sporting activities contests
• Fantasy National Golf Club, a company of world class data investigation and research resources for fantasy golfing players and sports activities bettors
• WhatIfSports, a person of the main athletics simulation web sites that includes on the net simulation online games and predictions for MLB, NFL, NHL, NBA, NCAA sports activities and extra and
• LeagueSafe, an on the web platform for personal fantasy leagues to gather entry costs, deliver transparency into league transactions, protected cash through the time, encourage well timed payment of entry fees, and facilitate conclude-of-time payouts. LeagueSafe is the trusted source for amassing and defending private fantasy league dues considering the fact that 2008 and attracts in excess of 150,000 paying people each individual 12 months.

The proposed acquisition of SportsHub is essential to SharpLink’s strategy to speed up and amplify its viewers expansion initiatives. By leveraging the SportsHub platform, the acquisition would enable SharpLink to have a tested “plug and play” option to quickly onboard opportunity potential acquisitions in an productive and scalable way.

“This accretive acquisition of SportsHub would provide to solidify the basis on which SharpLink will carry on to build demonstrable worth of its activity-altering C4 engine’s conversion abilities for all sports media operators, leagues, teams and sportsbooks,” said Phythian. “With a objective of appreciably rising the measurement and scope of the audience of sports admirers we provide by means of our owned and operated network of gaming internet sites, coupled with the millions of supporters we’re reaching as a result of our customers’ on the net sports activities homes – such as NASCAR, PGA Tour, NBA, Turner Sporting activities and other significant sporting activities media internet sites – SharpLink expects to make distinction as the industry’s desired and proven supply for significant-executing conversion technologies that provides its buyers with significant new income channels and drastically increased user working experience and engagement.”

John Lettmann, Chairman of the Board of SportsHub, included, “We are energized about the mix of SportsHub and SharpLink. It represents a merger that we consider will create a major option for our organizations as the U.S. sports betting business evolves and matures. SharpLink’s management and skills will assistance accelerate advancement inside of our core fantasy sporting activities and gaming merchandise and allow us to develop into an market chief in how athletics media and gaming operators interface with sportsbooks to provide price for all stakeholders.”

SportsHub is presently SharpLink’s premier shareholder, keeping approximately 8.9 million shares of SharpLink’s Common Shares. Pursuant to the phrases and conditions of the merger settlement, SBET will be demanded to distribute this sort of shares to its stockholders efficient as of straight away prior to the closing of the merger. On the closing of the merger, the stockholders of SportsHub will get an mixture of 3.67 million regular shares of SharpLink in exchange for all exceptional money stock of SportsHub. All of the approximately 12.6 million SharpLink Regular Shares to be distributed or issued to the stockholders of SportsHub pursuant to the share distribution and the merger, as applicable, will be topic to a 6-month lock-up period of time thereafter, a share of the holder’s shares may possibly be eligible for resale every single thirty day period till no restriction exists. For more comprehensive details relating to the definitive merger arrangement, make sure you refer to the Variety 6-K filed with the U.S. Securities and Exchange Commission and observed at www.sec.gov.

Significant Data About the Merger for Investors and Shareholders

As mentioned, the merger is topic to the acceptance of SharpLink’s shareholders at a meeting of shareholders that is expected to be held in the fourth quarter of 2022, along with the gratification or waiver of other customary circumstances. A proxy assertion and a proxy card with respect to the approval of the merger and other demanded matters will be mailed to SharpLink’s shareholders in search of the expected shareholder approvals in relationship with the proposed merger and affiliated transaction.

Right before producing any voting or investment conclusion, buyers and shareholders are urged to examine the proxy assertion (including any amendments or dietary supplements thereto) and any other relevant documents that SharpLink might post to the SEC when they come to be obtainable simply because they will contain important information and facts about the proposed transactions.

Investors and shareholders could obtain cost-free copies of the proxy statement and all other paperwork submitted or that will be submitted to the SEC about the proposed transaction at the web page maintained by the SEC (www.sec.gov). The moment submitted, the proxy statement will also be readily available no cost of cost on SharpLink’s site at www.sharplink.com.

This conversation shall not represent an offer you to sell or the solicitation of an present to promote or the solicitation of an supply to get any securities, nor shall there be any sale of securities in any jurisdiction in which this kind of present, solicitation or sale would be illegal prior to registration or qualification underneath the securities guidelines of any such jurisdiction.

For additional info on SportsHub’s merchandise and services, please visit www.sportshub.com.

About SharpLink Gaming Ltd.

Established in 2019 and based mostly in Minneapolis, Minnesota, SharpLink is a leading on the internet technology corporation that connects sporting activities enthusiasts, leagues and sports internet websites to related and well timed sporting activities betting and iGaming material. SharpLink utilizes proprietary, intelligent, on-line conversion know-how to transform sporting activities lovers into sporting activities bettors for certified, on the internet sportsbook operators. SharpLink’s clever C4 Sports Betting Conversion know-how delivers and decides the most effective sportsbook betting delivers and working experience for just about every determined user. Making use of subtle, behavioral modeling and monitoring technologies, and by examining user’s earlier and present behaviors, we provide sports enthusiasts with customized betting delivers especially tied to every single fan’s beloved sporting activities, groups and players. Additionally, SharpLink specializes in helping sports media companies create procedures, items and modern solutions to drive deep buyer engagement with extremely interactive sporting activities game titles and mobile programs. SharpLink is run by industry veterans with numerous prosperous exits in the sports activities gaming and iGaming sectors. For extra information and facts, be sure to visit the SharpLink web site at www.sharplink.com.

Forward-Hunting Statements

This release consists of ahead-looking statements that are matter to many risks and uncertainties. Such statements include things like statements pertaining to the anticipated closing of the SportsHub transaction, together with the parties’ potential to consummate the transaction, the expected advantages of the SportsHub acquisition, if consummated, the expected expansion in the on the net betting field, the Company’s skill to grow its business enterprise, the likely positive aspects of the Company’s merchandise, products and services and technologies and other statements that are not historic information, including statements which may perhaps be accompanied by the words and phrases “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar text. Actual effects could vary materially from those explained in these forward-wanting statements owing to particular components, together with without limitation, the Company’s skill to realize successful functions, federal government regulation of on-line betting, purchaser acceptance of new solutions and services, the consequences of the unfold of Coronavirus (COVID-19) and long term steps taken by authorities in the nations in which we work on our operations, the demand from customers for our merchandise and our customers’ economic situation, the influence of aggressive merchandise and pricing, the prolonged revenue cycle, proprietary rights of the Organization and its competitors, common economic situations and other chance factors in depth in the Firm’s once-a-year report and other filings with the United States Securities and Trade Fee. The Company does not undertake any accountability to update the ahead-looking statements in this launch.

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