WestPark Capital Announces Closing of $6.5 Million Registered Direct Offering Priced At-The-Market for Ebet Inc. (NASDAQ:EBET)
15 February 2023 - 1:00AM
Business Wire
WestPark Capital, a Los Angeles based international investment
bank and securities firm, announced today that it closed a
registered direct offering of 6,372,530 shares (the "Shares") of
common stock, and a concurrent private placement of warrants to
purchase 6,372,530 shares (the "Warrant Shares") of common stock
(the "Warrants") at a combined purchase price of $1.02 priced
at-the-market under Nasdaq rules for EBET, a global provider of
advanced wagering products and technology. The gross proceeds to
EBET from this offering were $6.5 million before deducting
placement agent fees and other estimated offering expenses.
WestPark Capital, Inc. was the Exclusive Placement Agent for the
offering.
The offering of the Shares was made pursuant to an effective
shelf registration statement on Form S-3 (No. 333-265538)
previously filed with the U.S. Securities and Exchange Commission
(the "SEC") that was declared effective by the SEC on June 22,
2022. A prospectus supplement and accompanying prospectus
describing the terms of the proposed offering was filed with the
SEC and is available on the SEC's website located at
http://www.sec.gov. Electronic copies of the prospectus supplement
may be obtained from WestPark Capital, Inc., 1800 Century Park
East, Suite 220, Los Angeles, CA 90067, by phone at (310) 203-2919,
or by email at syndicate@wpcapital.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on
emerging growth sectors such as healthcare, software, technology,
biotechnology, financial services, manufacturing, consumer
products, media and telecom industries, among other categories.
WestPark Capital provides a comprehensive range of corporate
finance services, including initial public offerings, follow-on
offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate
finance advisory services. Additional information about WestPark
Capital is available at www.wpcapital.com or at
info@wpcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230214005179/en/
WestPark Capital, Inc. Jason Stern info@wpcapital.com
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