Jul. 20 at 5:24 PM
$SBET executed three different capital-allocation moves within days:
• Sold 10.013M share-and-warrant units at
$7.49 for
$75M• Repurchased 2.133M shares at an average
$4.69• Acquired 10,000 ETH for
$16.1M
The repurchase captured a
$2.80 spread on that block, but the complete transaction still added approximately 7.881M net common shares and 10.013M warrants.
It was intelligent capital recycling on one block, not the elimination of the broader dilution.
