Esports entertainment group announces registered direct offering and settlement agreement

St. julians, malta--(newsfile corp. - august 15, 2023) - esports entertainment group, inc. (nasdaq: gmbl) (nasdaq: gmblp) (nasdaq: gmblw) (nasdaq: gmblz) (or the "company") today announced that it has entered into a securities purchase agreement with an institutional investor ("investor") for the purchase and sale of 1,000,000 shares of the company's common stock and pre-funded warrants to purchase 4,167,959 shares of common stock in a registered direct offering at an effective purchase price of $0.1935 per share or per pre-funded warrant. the offering is scheduled to close by august 16, 2023, subject to customary closing conditions.
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