Malta-based online gambling company Esports Entertainment Group, Inc. (EEG) announced that it has closed its registered direct offering of common stock, resulting in aggregate gross proceeds of $30m (~£21.64m).
EEG sold 2m shares of its common stock at a price of $15 (£10.81) per share, priced at-the-market under NASDAQ rules.
While EEG has been active in esports since 2008, the last few years have ushered in a significant leap in the company’s influence. Esports Entertainment Group became the first esports betting company to launch an initial public offering in April 2020, and its NASDAQ debut generated approximately $2.