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![narrenschiffe2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1403909954143023107.png) Ray [@narrenschiffe2](/creator/twitter/narrenschiffe2) on x XXX followers
Created: 2025-07-20 09:12:27 UTC

Quick breakdown of SharpLink’s ($SBET) Forward Sales Agreement with AGP

X. Deal Summary
- Date signed: July 17, 2025
- Counterparty: AGP (Alliance Global Partners)
- Structure: AGP borrows $SBET shares (e.g. from brokers), sells them in the market now, and settles later with SharpLink via physical shares (new issuance), cash, or net-share settlement.
- Key point: The sale price is fixed at the time AGP executes the short sale, but SharpLink receives proceeds only upon settlement—not at the time of sale.
→ No immediate capital raised.
- Forward cap: $350M or XXXXX% of outstanding shares
- Placement Notice authority lies solely with SharpLink → AGP cannot sell unilaterally

X. My View
- The forward structure lets SharpLink lock in the price at the time of AGP’s market sale, reflecting a bullish view on future share performance.
- This was disclosed alongside a $5B ATM expansion, which triggered market concern over “potential dilution,” leading to a sharp selloff on 7/18.
- In reality, it enables SharpLink to secure a predetermined price, then settle in shares later, ideally after ETH purchases and potential price recovery.

→ Should be seen as a strategic, bullish signal from management.

📄 Source:


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946860746803196089/c:line.svg)

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[stocks crypto treasuries](/topic/stocks-crypto-treasuries)

[Post Link](https://x.com/narrenschiffe2/status/1946860746803196089)