Betting technology supplier SharpLink and software provider Mer Telemanagement Solutions (MTS) have agreed the terms of a reverse merger that will create a new publicly listed business under the SharpLink brand name.
The deal will see SharpLink’s common stock holders own an estimated 86% of the merged company, which includes a stock option of 10% of the fully-diluted outstanding share capital belonging to the new company.
Founded in 2019, SharpLink provides sports betting technology solutions. It currently has contractual relationships with league operators, including PGA Tour and NASCAR.
Read the full story on iGB North America.
