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SharpLink Gaming's stock price big dump by 70% as the company clarifies that PIPE investors have not reduced their holdings.
Gate News bot message, after market close on June 13, SharpLink Gaming submitted an S-3 registration statement to the SEC (, causing the company’s stock price to fall over 70%.
Consensys CEO and SharpLink Chairman Joseph Lubin provided an explanation, emphasizing that the “Post-sale ownership” column in the S-3 is hypothetical disclosure), and Consensys has not sold any shares.
It is worth noting that SharpLink completed a $425 million PIPE financing in May to establish an Ethereum treasury.
Source: Decrypt
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