Brag House discloses valuation report of $1.09B on House of Doge merger

Brag House (TBH) Holdings announced the filing of a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission in connection with its proposed merger with House of Doge. Concurrent with the filing, the Company published a fairness opinion conducted by Newbridge Securities Corporation, which evaluated the proposed merger and valued the transaction at approximately $1.09B. The Fairness Opinion contemplated a sum-of-the-parts analysis that included comparable public companies within the payment processing, marketing and licensing, and alternative asset management sectors. This analysis informed the equity issuance component of the proposed transaction, in which Brag House will issue an aggregate of approximately 663 million shares of its common stock, including shares of its common stock issuable upon conversion of Class C preferred stock at an implied value per share of $1.6434 or a total of approximately $1.09B. Upon the closing of the merger, the stockholders of TBH are anticipated to collectively own approximately 7.2% of the outstanding common shares of TBH, and HOD’s equity securityholders are anticipated to collectively own approximately 92.8% of the outstanding common shares of TBH.