Sharplink, Inc.

It does not account for equity award vesting conditions, stock option exercise prices, or contractual restrictions limiting the convertibility of debt instruments.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

Additionally, it excludes any assumed share repurchases that would ordinarily be considered under the treasury stock method.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

(m) Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-04, Debt - Debt with Conversions and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ( ASU 2024-04 ).

SEC original ↗Sharplink, Inc. — 10-Q Quarterly report10-QAug 7, 2026

ASU 2024-04 is intended to clarify requirements for determining whether certain settlements of convertible debt instruments, including convertible debt instruments with cash conversion features or convertible debt instruments that are not currently convertible, should be accounted for as an induced conversion.

SEC original ↗Sharplink, Inc. — 10-Q Quarterly report10-QAug 7, 2026

(Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today reported financial results for the quarter ended June 30, 2025, along with an update on the rapid expansion of the Company’s ETH treasury strategy.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

In early June 2025, SharpLink executed a significant strategic shift – establishing ETH as the Company’s primary treasury reserve asset.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

SharpLink is strategically accumulating ETH through disciplined capital formation and employing active treasury management.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

Every step of this strategy strengthens the Ethereum network and creates enduring long-term value, aligning stockholder growth with the growth of the ecosystem itself.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

SharpLink’s treasury strategy is based on a single conviction: ETH will serve as the core trust commodity of the next-generation financial system being built on Ethereum.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience.

SEC original ↗Sharplink, Inc. — Earnings release (8-K exhibit)EX-99Aug 15, 2025

LEGAL PROCEEDINGS 63 ITEM 1A.

SEC original ↗Sharplink, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from the estimates.

SEC original ↗Sharplink, Inc. — 10-Q Quarterly report10-QAug 7, 2026

On an on-going basis, the Company evaluates its estimates, including, but not limited to, those related to measurement of crypto assets at fair value; impairment of crypto assets at cost; stock-based compensation; income taxes, including the carrying value of deferred tax assets; and litigation and contingencies, including liabilities that the Company deems not probable of assertion.

SEC original ↗Sharplink, Inc. — 10-Q Quarterly report10-QAug 7, 2026