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Genius Sports Limited ( (GENI) ) has issued an announcement.
Genius Sports Limited announced the closing of an underwritten public offering on January 16, 2025, involving the sale of 17,647,059 ordinary shares at $8.50 per share, raising approximately $144 million in net proceeds. This strategic move aims to bolster the company’s financial position and enhance its market presence, potentially impacting its operations and shareholder value positively.
More about Genius Sports Limited
Genius Sports Limited operates in the sports technology industry, providing data and technology services to sports leagues, betting operators, and media companies. The company is known for its focus on sports data collection, distribution, and commercialization, playing a significant role in the sports betting ecosystem.
YTD Price Performance: 2.59%
Average Trading Volume: 2,562,413
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.11B
For detailed information about GENI stock, go to TipRanks’ Stock Analysis page.
