LAS VEGAS and NEW YORK, April 16,
2021 /PRNewswire/ -- Esports Technologies, Inc. (the
"Company"), a global provider of advanced electronic sports (or
esports) wagering products and technology, announced that its
common stock commenced trading on the Nasdaq Capital Market
yesterday under the ticker symbol "EBET." The shares opened at
$21.00 and closed at $36.42.
On April 14, 2021, the Company
priced its initial public offering (the "Offering") of 2,400,000
common shares at a public offering price of $6.00 per share. The gross proceeds to the
Company from the Offering were $14,400,000, before deducting underwriting
discounts, commissions and other expenses.
Boustead Securities, LLC acted as the sole underwriter for the
firm commitment Offering. Schiff Hardin LLP acted as counsel to the
Company, and Michelman & Robinson LLP acted as counsel to the
underwriter.
The Offering is being made only by means of a prospectus. A copy
of the final prospectus related to the offering may be obtained,
when available, on the SEC's website at http://www.sec.gov. Copies
of the final prospectus, when available, may be obtained from:
Boustead Securities, LLC, by email at offerings@boustead1828.com or
telephone +1 (949) 502-4408 or standard mail to Boustead
Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite
395, Irvine, CA 92618,
USA. This does not mean that the
SEC has approved, passed upon the merits, or passed upon the
accuracy or completeness of the information.
A registration statement relating to these securities was filed
with the Securities and Exchange Commission and was declared
effective on April 14, 2021. This
press release does not constitute an offer to sell, or the
solicitation of an offer to buy any of the Company's securities,
nor shall such securities be offered or sold in the United States absent registration or an
applicable exemption from registration, nor shall there be any
offer, solicitation or sale of any of the Company's securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
About Esports Technologies, Inc.
Esports Technologies, Inc. is a technology company developing
and operating platforms focused on esports and competitive gaming.
We operate a licensed online gambling platform, gogawi.com, which
is an esports/sportsbook focused on bettors located in Asia and Latin
America. We offer real money betting on esports events from
around the world in a secure environment. We accept wagers on major
esports titles including: Counter-Strike: GO, League of Legends,
Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King
of Glory and FIFA; as well as professional sports
including the National Football League, National Basketball
Association, Major League Baseball, soccer and more.
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that
executes and advises on IPOs, mergers and acquisitions, capital
raises and restructuring assignments in a wide array of industries,
geographies and transactions, for a broad client base. Boustead's
core value proposition is the ability to create opportunity through
innovative solutions and tenacious execution.
With experienced professionals in the
United States, Boustead's team moves quickly and provides a
broad spectrum of sophisticated financial advice and services.
Boustead is a majority-owned subsidiary of Boustead & Company
Limited, a diversified non-bank financial institution.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. The words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "should,"
"target," "will," "would" and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including: the uncertainties related to market conditions
and the completion of the public offering on the anticipated terms
or at all, and other factors discussed in the "Risk Factors"
section of the preliminary prospectus filed with the SEC. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and Esports Technologies, Inc.
specifically disclaims any obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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SOURCE Esports Technologies, Inc.