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SportsHero Secures $1.65m to Boost E-sports Expansion

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SportsHero Secures $1.65m to Boost E-sports Expansion

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SportsHero Limited ( (AU:SHO) ) has issued an update.

SportsHero Limited has successfully secured $1.65 million through a private placement by issuing approximately 71.8 million new shares at $0.023 each, with additional options for investors. The funds will be used to accelerate the commercialisation of its e-sports platforms, expand sales efforts, test marketing strategies, and manage debt and operational costs. This strategic move is expected to strengthen SportsHero’s market position and drive growth in new verticals and regions.

More about SportsHero Limited

SportsHero Limited operates in the e-sports industry, focusing on gaming and community engagement platforms. The company aims to enhance its product offerings and expand its market presence, particularly in the Southeast Asian region.

YTD Price Performance: 64.71%

Average Trading Volume: 225,965

Technical Sentiment Signal: Hold

Current Market Cap: A$20.48M

For detailed information about SHO stock, go to TipRanks’ Stock Analysis page.

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