EBET Announces Closing of Approximately $6.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

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Feb 07, 2023

LAS VEGAS, NV / ACCESSWIRE / February 6, 2023 / EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it closed its previously announced registered direct offering of 6,372,530 shares (the "Shares") of common stock, and a concurrent private placement of warrants to purchase 6,372,530 shares (the "Warrant Shares") of common stock (the "Warrants") at a combined purchase price of $1.02 priced at-the-market under Nasdaq rules. The gross proceeds to EBET from this offering were $6.5 million before deducting placement agent fees and other estimated offering expenses. The Warrants will be exercisable commencing six months after the date of their issuance, have an exercise price of $1.02 per share and will expire five and one-half years from the date of issuance.