Entrypoint South Ltd. signed a Share and Asset Purchase Agreement to acquire Legacy Mer Telecommunications Systems business of SharpLink Gaming Ltd. and MTS IntegraTRAK, Inc. from SharpLink Gaming Ltd. (NasdaqCM:SBET) for $1 million on November 10, 2022. In consideration of Entrypoint acquiring all rights, title, interests and benefits to Legacy Mer Telecommunications Systems business, including 100% of the shares of MTS Integratrak Inc., it will pay SharpLink an earn-out payment equal to three times Legacy Mer Telecommunications Systems business' Earnings Before Interest, Taxes and Depreciation ("EBITDA") for the year ending December 31, 2023, up to a maximum earn-out payment of $1 million. Transaction is subject to customary closing conditions and required regulatory approval from the Israel Innovation Authority.
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- Entrypoint South Ltd. signed a Share and Asset Purchase Agreement to acquire Legacy Mer Telecommunications Systems business of SharpLink Gaming Ltd./MTS IntegraTRAK, Inc. from SharpLink Gaming Ltd. for $1 million.