SharpSpring, Inc.

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SharpSpring, Inc.
For more information regarding this transaction contact:
  • Mike Townley Investment Banking 213.536.0241
  • Tim Klein Investment Banking 612.260.6173

Lake Street is pleased to announce it served as a financial advisor for SharpSpring, Inc. (Nasdaq:SHSP) in its private placement of an $8 million unsecured convertible promissory note due March 2023 (the “Note”). Interest on the Notes will be payable annually with the issuance of additional convertible notes (paid-in-kind) at an annual interest rate of 5.0%.  The Notes are convertible into shares of SharpSpring common stock, par value $0.001 per share, at any time before the maturity date at a fixed conversion price of $7.50 per share, subject to customary adjustments.  If not converted, principle and unpaid accrued interest on the Notes will be due and payable on the fifth anniversary of the issuance date, and may be paid, at the company’s election, in cash or in common stock at a discounted conversion price.

About SharpSpring, Inc.

SharpSpring, Inc. is a rapidly growing, highly-rated global provider of affordable marketing automation delivered via a cloud-based Software-as-a Service (SaaS) platform. Thousands of businesses around the world rely on SharpSpring to generate leads, improve conversions to sales, and drive higher returns on marketing investments. Known for its innovation, open architecture and free customer support, SharpSpring offers flexible monthly contracts at a fraction of the price of competitors making it an easy choice for growing businesses and digital marketing agencies.


Mike Townley
Head of Investment Banking


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Dave McDonald
Head of Life Science Investment Banking


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Tim Klein

Investment Banking


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Rob Martin

Investment Banking


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Steve Rickman

Investment Banking


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