LAS VEGAS, NV / ACCESSWIRE / February 2, 2023 / EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announces today that it has entered into securities purchase agreements (the "Purchase Agreement") with institutional investors for the purchase and sale of (i) 6,372,530 shares (the "Shares") of common stock and (ii) warrants to purchase 6,372,530 shares (the "Warrant Shares") of common stock (the "Warrants") at a combined purchase price of $1.02 in a registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds to EBET from this offering are expected to be approximately $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. The offering is expected to close on or about February 6, 2023, subject to customary closing conditions.
EBET Announces Approximately $6.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Feb 02, 2023
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