BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
BlueBet Holdings Ltd. announced a capital raising initiative through a fully underwritten pro rata accelerated non-renounceable entitlement offer and an institutional placement, aiming to raise approximately $130 million. Additionally, BlueBet has made a non-binding indicative offer to acquire PointsBet Holdings Limited, although the PointsBet board has not yet agreed to support the proposal. The success of this acquisition is uncertain, as it requires approval from PointsBet’s board and shareholders, and is subject to various conditions.
More about BlueBet Holdings Ltd.
Average Trading Volume: 438,175
Technical Sentiment Signal: Sell
Current Market Cap: A$185.8M
For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.