- The underwriters of the recent US$46 million public offering have exercised their over-allotment option
- The offering consisted of 8,000,000 common shares at a price of US$5.75 per share
- Enthusiast Gaming and shareholder Blue Ant each sold a total of 600,000 common shares, receiving gross proceeds of US$3,450,000
- Enthusiast Gaming’s platform for gamers and esports fans reaches over 300 million gaming enthusiasts per month
- Enthusiast Gaming Holdings Inc. (EGLX) opened trading at C$6.62 per share
Enthusiast Gaming Holdings (EGLX) is pleased to announce that the underwriters of the recent US$46 million public offering have exercised their over-allotment option.
The offering consisted of 8,000,000 common shares at a price of US$5.75 per share.
Enthusiast Gaming and shareholder Blue Ant each sold a total of 600,000 common shares resulting in aggregate gross proceeds of US$6,900,000.
Enthusiast Gaming and Blue Ant each received gross proceeds of US$3,450,000.
The net proceeds from the offering will be used by the company to strengthen its financial position, including future acquisitions, working capital, repayment of indebtedness and other general corporate purposes.
Enthusiast Gaming is building the largest media and content platform for video game and esports fans to connect and engage worldwide. Enthusiast Gaming’s platform for gamers and esports fans reaches over 300 million gaming enthusiasts per month.
Enthusiast Gaming Holdings Inc. (EGLX) opened trading at C$6.62 per share.