SharpLink Stock Plummets After SEC Filing for Massive Ethereum Deal

SharpLink Gaming (NASDAQ: SBET) saw its stock price plummet by over 70% after a regulatory filing with the U.S. Securities and Exchange Commission (SEC). This filing opened the floodgates for more than 100 investors to sell shares associated with their recent private investment in public equity (PIPE) financing deal. The S-3ASR registration statement, which allows these investments to be traded by the market, was issued, triggering a rapid selloff. 💎🚀