SharpLink: ETH Purchase via ATM Plan Does Not Require Shareholder Additional Approval

BlockBeats News, September 6th, according to official sources, SharpLink stated that it is in full compliance with Nasdaq rules. If it chooses to execute an ATM plan to purchase ETH, no additional shareholder approval is required. The fundraising strategy remains unchanged and will only proceed in a manner beneficial to shareholders.

Responding to recent media reports about some digital asset treasury companies issuing new shares to purchase cryptocurrency requiring shareholder approval, SharpLink clarified that such regulations do not apply to the company. It will continue to strictly adhere to Nasdaq rules and industry best practices to ensure compliant and transparent transactions.