S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
The board of directors of SharpLink Gaming, Inc. (NASDAQ:SBET), currently valued at $2.92 billion, approved the SharpLink Gaming, Inc. Inducement Award Plan on Tuesday. According to InvestingPro data, the company’s stock has shown significant volatility, with a 237% surge over the past six months despite recent market fluctuations. According to a press release statement and a filing with the Securities and Exchange Commission, the plan reserves 3,000,000 shares of the company’s common stock for issuance.
The Inducement Award Plan was adopted without shareholder approval under Nasdaq Listing Rule 5635(c)(4) and will be administered by the board’s compensation committee or independent board members. The plan’s terms are substantially similar to those of SharpLink’s Amended and Restated 2023 Equity Incentive Plan, except that incentive stock options will not be issued under the new plan.
Under the Inducement Award Plan, equity awards such as nonqualified stock options, restricted stock, restricted stock units, and other stock-based awards can only be granted to employees who are either starting employment with the company or a subsidiary, or who are being rehired after a bona fide interruption in employment. The awards must be granted in connection with the commencement of employment and must be an inducement material to the individual entering into employment with SharpLink or its subsidiary.
The board also adopted forms of restricted stock unit agreements for both time-based and performance-based grants to be used under the Inducement Award Plan.
This information is based on a press release statement and a filing with the Securities and Exchange Commission. Investors seeking deeper insights into SharpLink Gaming’s financial health and growth prospects can access comprehensive analysis through InvestingPro, which offers exclusive access to 15+ additional ProTips and detailed financial metrics in its Pro Research Report.
In other recent news, SharpLink Gaming has announced a significant development with the authorization of a $1.5 billion stock repurchase program. This initiative is intended to provide the company with the flexibility to buy back shares when their stock trades at or below the net asset value of its Ether holdings. Additionally, SharpLink Gaming has expanded its Ether portfolio by acquiring 143,593 ETH, bringing its total holdings to 740,760 ETH. The company funded these purchases through $146.5 million raised via its At-the-Market facility and an additional $390 million from a registered direct offering.
In terms of financial performance, SharpLink Gaming reported a notable decrease in revenue for the second quarter of 2025, with earnings dropping from $1,000,000 to $700,000 compared to the same period last year. The company also faced a significant net loss of $103.4 million, attributed primarily to non-cash accounting impairments and stock-based compensation. Despite these challenges, the company’s strategic financial maneuvers, such as the stock repurchase program and increased Ether holdings, suggest ongoing efforts to stabilize and optimize its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.