Esports entertainment group announces private placement of $35 million convertible notes with $17.50 conversion price

Newark, new jersey--(newsfile corp. - may 28, 2021) - esports entertainment group, inc. (nasdaq: gmbl) (nasdaq: gmblw) (the "company") today announced that it has entered into a definitive agreement with an institutional investor for the sale of $35 million in principal amount of 8.0% senior convertible notes with a maturity date of two years following the date of issuance ("notes") in a private placement. the notes are convertible into shares of common stock of the...
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