SharpLink: Fully compliant with Nasdaq rules, executing ATM fundraising to purchase ETH without further shareholder approval

ChainCatcher news, Ethereum treasury company SharpLink announced on platform X that the company is fully compliant with Nasdaq rules, and if it chooses to execute the ATM financing plan to support ETH purchases, no further shareholder approval is needed. The company's strategy remains unchanged, and funds will only be raised when capital can bring value to shareholders.

SharpLink stated that it will strictly adhere to compliance and transparency, ensuring that all transactions are conducted in accordance with Nasdaq rules and industry practices. Previously, sources revealed that Nasdaq is intensifying its scrutiny of listed companies, which often raise funds to purchase and hoard cryptocurrencies to boost stock prices.