Ebet, inc. announces $3.5 million private placement priced at-the-market under nasdaq rules

Las vegas , june 10, 2022 /prnewswire/ -- ebet, inc. (nasdaq: ebet) ("ebet" or the "company"), a leading global provider of advanced wagering products and technology, announced today that on june 7, 2022 it entered into securities purchase agreements with several institutional and accredited investors to issue, in a private placement priced at-the-market under nasdaq rules, 977,657 shares of common stock and warrants to purchase up to an aggregate of 977,657 shares of common stock, at a purchase price of $3.58 per share of common stock and associated warrant, for expected gross proceeds to ebet of approximately $3.5 million, before deducting fees and other offering expenses payable by the company. the warrants will have an exercise price of $5.00 per share of common stock, will be exercisable six months from the closing of the offering for a period of five years from the closing date.
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