EBET announces $6.5M registered direct offering priced at $1.02 per share

EBET announces that it has entered into securities purchase agreements with institutional investors for the purchase and sale of (i) 6,372,530 shares of common stock and (ii) warrants to purchase 6,372,530 shares of common stoc 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. WestPark Capital, Inc. is the sole placement agent for the offering.