SharpLink Gaming Acquires FourCubed For ~$8.15M

SharpLink Gaming Ltd SBET has acquired certain assets of FourCubed Management LLC and 6t4 Company (collectively, FourCubed) for $8.15 million.
The total consideration consists of $6.5 million in cash and the issuance of 600,000 restricted ordinary shares of SharpLink.
The transaction also provides for an earn-out payment of up to 600,000 additional restricted ordinary shares based on the acquired business attaining specific performance benchmarks.
The acquisition includes FourCubed's iGaming and affiliate marketing network. FourCubed owns and operates an international iGaming affiliate network comprised of over 12,000 sub-affiliates.
FourCubed has averaged annual revenues of more than $5.5 million for the past three years.
Price Action: SBET shares are trading higher by 4.74% at $2.65 on the last check Wednesday.

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