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SharpLink Gaming announced the closing of the previously announced acquisition of SportsHub Games Network, effective December 22, 2022. The merger was approved by the Company'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 Company's shareholders. SharpLink's shareholders approved the consummation of the merger at the Extraordinary General Meeting of Shareholders held in Minneapolis, Minnesota on December 14, 2022; and the voting results were subsequently announced via press release and on Form 6-K furnished to the U.S. Securities and Exchange Commission on December 15, 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, bringing the total number of SharpLink's ordinary shares issued and outstanding to 27,287,006.

SharpLink Gaming announced that the Extraordinary General Meeting of Shareholders, held on December 14, 2022 in Minneapolis, Minnesota, approved the consummation of SharpLink's acquisition of SportsHub Games Network, contemplated by the Agreement and Plan of Merger dated September 7, 2022, as amended by the First Amendment to the Agreement and Plan of Merger, dated November 2, 2022.

SharpLink announced that Israel-based Entrypoint South has signed a Share and Asset Purchase Agreement with the Company to acquire SharpLink's legacy Mer Telecommunications Systems business in a one-year earn-out transaction, subject to customary closing conditions and required regulatory approval from the Israel Innovation Authority. In consideration of Entrypoint acquiring all rights, title, interests and benefits to Legacy MTS, including 100% of the shares of MTS Integratrak Inc., one of the Company's US subsidiaries, it will pay SharpLink an earn-out payment equal to three times Legacy MTS' Earnings Before Interest, Taxes and Depreciation for the year ending December 31, 2023, up to a maximum earn-out payment of $1M. Legacy MTS's business concentrates on worldwide provision of telecom expense management solutions which assist enterprises and organizations to make smarter choices with their telecommunications spending at each stage of the service lifecycle, including allocation of cost, proactive budget control, fraud detection, processing payments and spending forecasting. In July 2021, SharpLink merged with Mer Telemanagement Solutions Ltd., which at the time owned the Legacy MTS business, in a go-public transaction. Following the merger, SharpLink has operated Legacy MTS and its related subsidiaries as a business unit which has been reported in financial filings as its Enterprise TEM segment. In June 2022, SharpLink's Board of Directors provided management with approval to enter into negotiations with prospective buyers of Legacy MTS due to the fact that Legacy MTS's business is not complementary nor of any strategic benefit to SharpLink's focus on the emerging U.S. sports betting and iGaming industries.

SharpLink Gaming (SBET) announced that Dave Abbott, former Managing Director of U.S. Sports Media at Sportradar (SRAD), has been appointed as SharpLink's new Chief Technology Officer, effectively immediately.

SharpLink Gaming announced that SharpLink has received a letter from Nasdaq Listing Qualifications on November 4, 2022 indicating that the Company is no longer in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The rules also provide SharpLink a compliance period of 180 calendar days to regain compliance. According to the Letter, the Company has until May 3, 2023 to regain compliance with the minimum bid price requirement. SharpLink can regain compliance if at any time during this 180-day period, the closing bid price of its Ordinary Shares is at least $1.00 for a minimum of ten consecutive business days, in which case SharpLink will be provided with written confirmation of compliance by Nasdaq and this matter will be closed. In the event that the Company fails to regain compliance after the initial 180-day period, SharpLink may then be eligible for additional time if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will be required to provide written notice of its intention to cure the deficiency during the second compliance period equal to an additional 180 calendar days. If SharpLink cannot demonstrate compliance by the end of the second compliance period, Nasdaq will notify SharpLink that its Ordinary Shares are subject to delisting. The Letter has no immediate effect on SharpLink's listing or the trading of its Ordinary Shares, and during the grace period, as may be extended, the Company's Ordinary Shares will continue to trade on the The Nasdaq Capital Market under the symbol "SBET."

SharpLink Gaming announced that SharpLink has received a letter from Nasdaq Listing Qualifications on November 4 indicating that the company is no longer in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550, which requires listed securities to maintain a minimum bid price of $1.00 per share.