Sharplink, Inc. (SBET) red flags

CIK 0001981535 · Miami, FL · SIC 6199 · All EDGAR filings

3 verified red-flag event(s) since 2025-04-01. Red flag score: 26 how it's calculated

4Sharplink, Inc. (SBET) Going-concern doubtsmall2026-03-09

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. · company history

5Sharplink, Inc. (SBET) Auditor changemid2025-07-09

auditor resigned; also within 90 days: Going-concern doubt · company history

4Sharplink, Inc. (SBET) Going-concern doubt (10-Q)micro2025-05-15

quarterly (unaudited) disclosure; also within 90 days: Auditor change · company history

Red flag score: 26 / 100 · elevated

Computed only from the verified red flags below: each flag earns points for its severity, loses half its weight every 180 days, and companies with several different flag types in the past year get a bonus. Total points 14.9 → score = 100 × (1 − e^−points/50) = 26. Full method

Flag	Filed	Severity	Points	Age	Decay	Counts
Going-concern doubt	2026-03-09	4/5	22.0	222 d	×0.43	9.4
Auditor change	2025-07-09	4/5	22.0	465 d	×0.17	3.7
Going-concern doubt	2025-05-15	3/5	14.0	520 d	×0.14	1.9

The red flag score summarizes how many, how serious and how recent a company's verified SEC red-flag filings are. It describes filing events only. It is not a fraud score, credit rating or prediction, and not investment advice.

What happened next

Flag	Date	Cap at flag	30d	90d	180d
Going-concern doubt	2026-03-09	$1.60B	-12.8%	-25.0%	+19.8%
Auditor change	2025-07-09	$2.54B	+46.8%	+9.1%	-37.0%
Going-concern doubt	2025-05-15	$71.2M	+292.1%	+587.7%	+238.0%

Stock return after each flag; pending = window not yet elapsed; n/a = no price data.

Sharplink, Inc. (SBET) red flags

Red flag score: 26 / 100 · elevated

What happened next

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