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The company raises profits of $13. 6 million
Hoboken, New Jersey–(Newsfile Corp. — March 2, 2022) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) today announced the successful final touch of its public sale of 15,000,000 installments and warrants to acquire 15,000,000 installments and warrants to acquire 15,000,000 installments at a combined cash price value of $1. 00, each non-unusual consistent with the percentage accompanied by a guarantee. Guarantees can be exercised without delay for a value of $1. 00 consistent with the common percentage and expire five years from the date of issue. non-unusual arrest warrants have been issued and are separable without delay.
“The proceeds from this significant contribution allow us to increase our current capital reserves and allow the company to repay some of its significant debt,” said Grant Johnson, chief executive officer of Esports Entertainment Group. “Taken together, this will provide our company with a much more powerful foundation that will allow us to leverage the expansion perspective provided through our new esports products, as well as our European online gaming and online sports betting businesses. In particular, we remain incredibly positive about the growing interest in our OMEGA solution and believe that the launch of our LANDuel platform later this month will have a significant effect on our financial functionality in the coming quarters. »
This offer is made pursuant to an effective pending registration on Form S-3 (No. 333-252370) filed in the past with the U. S. Securities and Exchange Commission. In the U. S. (SEC) effective February 5 2021. La offer was made only through a written prospectus and a supplement to the prospectus that is part of the registration matrix. A final supplement to the prospectus and an accompanying prospectus related to the offering have been filed with the SEC and are available on the SEC’s online page in www. sec. gov. Alternatively, electronic copies of the latest supplement to the prospectus and the accompanying prospectus may be received from Maxim Group LLC, three hundred Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3745.
This press release constitutes an offer to sell or a solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such offer, solicitation or sale is unlawful. before registration or qualification. under the securities legislation of such state or territory.
Maxim Group LLC and Joseph Gunnar
About Esports Entertainment GroupEsports Entertainment Group is a comprehensive esports and online gaming company driven through the expansion of video games and the emergence of esports with new generations. form that brings together enthusiasts and players. Esports Entertainment Group and its affiliates are well placed for enthusiasts and players stay connected and participating in their favorite esports. From classic sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide diversity of esports, and LAN cafes on the field, EEG influences the entire spectrum of esports and gaming at all levels. The company has offices in New Jersey, the United Kingdom and Malta. For more information, scale www. esportsentertainmentgroup. com.
FORWARD-LOOKING STATEMENTS The data contained in this document includes forward-looking statements. These statements relate to long-term events or our long-term financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual effects, levels of activity, performance or achievements to be materially different. effects, degrees of activity, functionality or achievements expressed or implied through such forward-looking statements. You deserve not to place undue reliance on forward-looking statements as they involve known and unknown risks, uncertainties and other matters which, in some cases, are beyond our control and which may, and very likely will, have actual material effects, activity grades, functionality or achievements. Any forward-looking statement reflects our existing ideals regarding long-term events and is related to such risks, uncertainties and assumptions relating to our business, the effects of operations, expansion strategy and liquidity. We undertake no legal responsibility to publicly update or revise those forward-looking statements for any reason, or to update the reasons why actual effects may differ materially from those expected in those forward-looking statements, even if new data becomes available. in the long run. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects corporations from liability for their forward-looking statements if they meet the requirements of the law.
Contact:
Investor Relations Consultasjeff@esportsentertainmentgroup. com
JCIRJoseph Jaffoni, James Leahy, Norberto Aja(212) 835-8500gmbl@jcir. com
médiasbrandon. apter@esportsentertainmentgroup. com Requests
eeg@kcsa. com
To view the original edition of this press release, visit https://www. newsfilecorp. com/release/115409