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Form 8-K

sec.gov
SBET The company is terminating asset management agreements with Galaxy Digital Capital Management LP and ParaFi Capital LP. This is presented as a strategic evolution due to the addition of internal asset management personnel and not a result of any disagreement. No termination fees are involved.

8-K — Sharplink, Inc.

Accession: 0001493152-26-015182

Filed: 2026-04-03

Period: 2026-04-03

CIK: 0001981535

SIC: 6199 (FINANCE SERVICES)

Item: Termination of a Material Definitive Agreement

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): April 3, 2026

SHARPLINK,

INC.

(Exact

name of registrant as specified in its charter)

Delaware

001-41962

87-4752260

(State

or other jurisdiction

of

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

200

S. Biscayne Boulevard, Floor 20, Miami, Florida

33131

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (612) 293-0619

Not

Applicable

(Former

name or former address, if changed since last report.)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

symbol

Name

of each exchange on which registered

Common

Stock, $0.0001 per share

SBET

The

Nasdaq Stock Market, LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

If

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

1.02

Termination

of a Material Definitive Agreement.

On

April 3, 2026, Sharplink, Inc., a Delaware corporation

(the “Company”) entered into a mutual termination agreement (the “Galaxy Termination Agreement”) with Galaxy

Digital Capital Management LP (“Galaxy”) in connection with the mutual termination of that certain asset management agreement

by and between the Company and Galaxy, dated May 30, 2025, for certain discretionary investment management services with respect to the

Company’s purchase of Ethereum (the “Galaxy Asset Management Agreement”). Pursuant to the Galaxy Termination

Agreement, the Galaxy Asset Management Agreement will be terminated effective May 31, 2026.

On

April 3, 2026, the Company also entered into a mutual

termination agreement (the “ParaFi Termination Agreement” and together with the Galaxy Termination Agreement, the “Termination

Agreements”),with ParaFi Capital LP (“ParaFi”) in connection with the mutual termination of that certain asset management

agreement between ParaFi and the Company, dated May 30, 2025, for certain for certain discretionary investment management services with

respect to the Company’s purchase of Ethereum (the “ParaFi Asset Management Agreement, and, together with the Galaxy Asset

Management Agreement, the “Asset Management Agreements”). Pursuant to the ParaFi Termination Agreement, the Galaxy/ParaFi

Asset Management Agreement will be terminated effective May 31, 2026.

Neither

the Company nor Galaxy or ParaFi shall have any remaining or future obligations or commitments to the other party under the Asset Management

Agreements other than those amounts pursuant to the Termination Agreements. Further, the Company is not required to pay Galaxy

or ParaFi any termination fees or penalties in connection with the mutual termination of the Asset Management Agreements.

The

Company appreciates the collaborative relationships it developed with Galaxy and ParaFi and values their respective contributions to

supporting the initial implementation of the Company’s Ether (“ETH”) treasury strategy. The decision to enter into

the Termination Agreements reflects the Company’s continued evolution, including the addition of internal asset management personnel,

and was not the result of any disagreement with either Galaxy or Parafi.

The

foregoing descriptions of the Termination Agreements are not complete and are qualified in its entirety by reference to the full text

of the Termination Agreements, copies of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the

quarter ending March 31, 2026.

There

is currently no material relationship between the Company or its affiliates and Galaxy and ParaFi.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Date: April 3, 2026

SHARPLINK,

INC.

/s/

Joseph Chalom

Joseph

Chalom

Chief

Executive Officer

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