RA’ANANA, Israel and MINNEAPOLIS, April 15, 2021 /PRNewswire/ — Mer Telemanagement Options Ltd., (Nasdaq: MTSL) (“MTS or the “Firm”), a worldwide supplier of telecommunications expense administration, name accounting and make contact with heart software program, introduced that it has entered right into a definitive Settlement and Plan of Merger with SharpLink, Inc. (“SharpLink”), a number one on-line know-how firm that works with sports activities leagues, fantasy sports activities websites and sports activities media corporations to attach followers to related and well timed betting content material sourced from its sportsbook companions. Upon the closing of the merger, which is conditioned upon approval of MTS shareholders and different customary closing gadgets, the Firm will change its identify and pursue the enterprise of SharpLink below new administration and Board management.
Based by trade veterans with intensive expertise growing and promoting enterprise-level sports activities know-how options, SharpLink is an early innovator within the sports activities betting conversion market. SharpLink presently has contractual relationships with sports activities groups, media corporations and league operators, together with the PGA TOUR® and NASCAR®. Each leverage SharpLink’s legacy “free-to-play” recreation platform to boost consumer engagement and gaming methods. Extra just lately, the PGA TOUR and NASCAR have leveraged SharpLink’s conversion platform to introduce dynamic and real-time sports activities betting content material from a number of sportsbook companions.
Morgan Stanley estimates that the web sports activities betting market will generate over $9.2 billion in annual income within the U.S. alone by 2025, with the worldwide market presently a number of occasions that quantity. In accordance with inner analysis, an estimated $20 billion has already been invested in acquisitions and partnerships by gaming operators, sports activities leagues and media corporations because the trade quickly expands and prepares for betting progress within the U.S. Presently 22 states enable on-line sports activities betting, together with New York, which handed the brand new laws simply final week. SharpLink’s engagement know-how delivers personalised sportsbook betting affords and fascinating experiences for followers who’re considering authorized on-line betting.
“We’re excited to realize this main milestone by signing the definitive merger settlement with SharpLink, and we consider the transaction, when closed, will present important worth to each the present MTS shareholders and the SharpLink shareholders who can be receiving MTS shares within the Merger,” acknowledged Roy Hess, MTS CEO. “Following the merger, our Firm can be on the vanguard of a doubtlessly large sports activities betting market within the U.S. and globally. By offering proprietary superior conversion and engagement options for the sports activities betting trade, we anticipate SharpLink’s companies can be wanted by many corporations seeking to capitalize on this chance. We’re enthusiastic about our future progress technique in addition to the present trade’s speedy enlargement each within the U.S. and globally. We encourage all shareholders to search for our mailed proxy supplies within the close to future and to help this proposed transaction.”
Rob Phythian, CEO of SharpLink acknowledged: “As sports activities betting laws continues to be enacted throughout the USA, which we’re seeing at an accelerated tempo as states look to fill budgetary gaps, any firm that has an viewers of sports activities followers can have the chance to earn further income by opening a channel for that viewers to put authorized, on-line bets. We consider SharpLink is well-positioned to offer leagues, media and sportsbook operators – lots of whom are already clients — the instruments they should handle and capitalize on this chance by utilizing our revolutionary analytical options, not merely promoting banners or buttons. SharpLink’s turnkey clever options enable these corporations to implement superior know-how proper out of the gate, and rapidly begin connecting their customers to real-time sports activities betting content material.”
“The sports activities betting market is shifting quickly and is starting to acknowledge the necessity for analytically primarily based betting options. We anticipate this merger to offer SharpLink higher entry to the capital markets in order that we could scale successfully to fulfill demand, proceed to innovate, and sharpen our portfolio of companies and know-how. We thank the skilled crew at MTS for his or her dedication and laborious work getting this deal in the direction of a speedy closing – we can’t do it with out them,” Phythian added.
Underneath the phrases of the merger settlement, the holders of SharpLink’s excellent widespread inventory and most popular inventory instantly previous to the merger will obtain peculiar shares and most popular shares, as relevant, of MTS within the merger. On a professional forma and fully-diluted foundation for the mixed firm, SharpLink shareholders are anticipated to personal roughly 86% of the mixed firm (inclusive of a inventory choice pool of 10% of the fully-diluted excellent share capital of the mixed firm).
Funding to shut the transaction has already been totally dedicated by an institutional investor. The proposed transaction has been unanimously accredited by the board of administrators of each corporations and by the shareholders of SharpLink. After closing, the present MTS enterprise will proceed to function, managed by members of the present MTS administration crew.
Necessary Info In regards to the Merger for Traders and Shareholders
As famous, the merger is topic to the approval of MTS’s shareholders at a gathering of shareholders that’s anticipated to be held within the second quarter of 2021, together with the satisfaction or waiver of different customary circumstances. A proxy assertion and a proxy card with respect to the approval of the merger and different required issues can be mailed to MTS’s shareholders looking for the required shareholder approvals in reference to the proposed merger and related transaction.
Earlier than making any voting or funding choice, traders and shareholders are urged to learn the proxy assertion (together with any amendments or dietary supplements thereto) and every other related paperwork that MTS could undergo the SEC after they grow to be accessible as a result of they’ll include necessary details about the proposed transactions.
Traders and shareholders could acquire free copies of the proxy assertion and all different paperwork submitted or that can be submitted to the SEC concerning the proposed transaction on the web site maintained by the SEC (www.sec.gov). As soon as filed, the proxy assertion may even be accessible freed from cost on MTS’s web site at www.mtsint.com.
This communication shall not represent a proposal to promote or the solicitation of a proposal to promote or the solicitation of a proposal to purchase any securities, nor shall there be any sale of securities in any jurisdiction by which such supply, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction.
For extra info on SharpLink’s services and products, please go to www.sharplink.com.
Based in 2019, SharpLink is a number one on-line know-how firm that connects sports activities followers, leagues, and sports activities web sites to related and well timed sports activities betting content material. SharpLink makes use of proprietary, clever, on-line conversion know-how to transform sports activities followers into sports activities bettors for licensed, on-line sportsbook operators. SharpLink’s clever sports activities betting conversion and engagement know-how delivers and determines one of the best sportsbook betting affords and expertise for every recognized consumer. Utilizing subtle behavioral modeling and monitoring applied sciences, and by analyzing customers’ previous and current behaviors, we form the expertise and produce customers to the suitable final result, sooner. Moreover, SharpLink focuses on serving to sports activities media corporations develop methods, merchandise and revolutionary options to drive deep buyer engagement with extremely interactive sports activities video games and cell functions. SharpLink relies in Minneapolis, MN, and is run by trade veterans with a number of profitable exits within the sports activities gaming sector. For extra info please go to the SharpLink web site at www.sharplink.com.
About Mer Telemanagement Options Ltd.:
Mer Telemanagement Options Ltd. (MTS) is targeted on revolutionary services and products for enterprises within the space of telecom expense administration (TEM), name accounting and make contact with heart software program. Headquartered in Israel, MTS markets its options by way of wholly-owned subsidiaries in Israel, the U.S. and Hong Kong, in addition to by way of distribution channels. For extra info please go to the MTS website: www.mtsint.com.
Sure issues mentioned on this information launch are forward-looking statements that contain a lot of dangers and uncertainties together with, however not restricted to, the satisfaction of the circumstances to closing of the merger transaction, normal financial circumstances and different threat elements detailed within the Firm’s annual report and different filings with the USA Securities and Trade Fee.
Electronic mail: [email protected]
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