Wall Street closes at a record for the first time since end of January
Sharplink, Inc. (NASDAQ:SBET) held its 2026 Annual Meeting of Stockholders virtually on Friday. According to a press release statement based on the company’s SEC filing, stockholders voted on three proposals.
As of the record date, March 6, 2026, Sharplink had 197,161,623 shares of common stock outstanding. At the meeting, holders of 109,754,580 shares, representing approximately 55.66% of the voting power, were present in person or by proxy, constituting a quorum.
The first proposal was the election of five directors: Joseph Lubin, Joseph Chalom, Leslie Bernhard, Obie McKenzie, and Robert Gutkowski. All nominees were elected to serve until the next annual meeting or until their successors are elected and qualified. The votes for each nominee were as follows:
- Joseph Lubin: 27,555,654 for, 29,114,885 withheld, 53,084,041 broker non-votes
- Joseph Chalom: 56,400,657 for, 269,882 withheld, 53,084,041 broker non-votes
- Leslie Bernhard: 56,348,575 for, 321,964 withheld, 53,084,041 broker non-votes
- Obie McKenzie: 56,361,070 for, 309,469 withheld, 53,084,041 broker non-votes
- Robert Gutkowski: 53,634,589 for, 3,035,950 withheld, 53,084,041 broker non-votes
The second proposal was to ratify the appointment of KPMG LLP as Sharplink’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Stockholders approved this proposal with 109,218,612 votes for, 232,387 against, and 303,581 abstentions.
The third proposal, an advisory vote on the compensation of the company’s named executive officers, was approved on a non-binding basis. There were 32,233,510 votes for, 15,431,178 against, 9,005,851 abstentions, and 53,084,041 broker non-votes.
All proposals received the necessary votes for approval. The information in this article is based on a press release statement and Sharplink’s SEC filing.
In other recent news, Sharplink, Inc. announced that institutional ownership of its common stock has reached 46% as of December 31, 2025. The company reported holding 867,798 Ethereum (ETH) valued at approximately $1.72 billion as of February 15, 2026, and has generated 13,615 ETH in staking rewards since June 2025. Additionally, Sharplink has officially changed its corporate name from SharpLink Gaming, Inc. as of February 3, 2026, while maintaining its focus on Ethereum. In a strategic move, Sharplink entered into mutual termination agreements with Galaxy Digital Capital Management LP and ParaFi Capital LP, ending its asset management arrangements with both firms. These agreements will conclude on May 31, 2026. On the analyst front, Citizens has lowered its price target for Sharplink to $40 from $50, maintaining a Market Outperform rating. The firm bases this price target on the company’s estimated modified net asset value for the second quarter of 2027. These developments highlight Sharplink’s evolving business strategy and its continued focus on Ethereum.
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