20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- SharpLink Gaming Ltd (NASDAQ:SBET) has entered into a securities purchase agreement with an institutional investment firm, which is an existing company shareholder.
- The investor will purchase 1.4 million of the company's ordinary shares at $3.75 per share and pre-funded a warrant to purchase up to 1.25 million ordinary shares at a funding amount of $3.74 per share and an exercise price of $0.01 per share, for gross proceeds of $10 million.
- The offer price represents a 9% discount to Sharplink's last close on November 16, 2021.
- SharpLink expects the net proceeds from the offering to be about $9.9 million and to use it for supporting technology and business development initiatives.
- The offering is expected to close on or about November 19, 2021.
- In a concurrent private placement, the investor will purchase a warrant to purchase an additional 2.66 million shares at an exercise price of $4.50 per share, which, if exercised, will result in gross proceeds of $12.15 million.
- Price Action: SBET shares are trading lower by 11.4% at $3.65 on the last check Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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