PointsBet Economic Interest Declines as HG Vora Adjusts Position

PointsBet Holdings Ltd. (AU:PBH) has released an update.

PointsBet Holdings Ltd. has experienced a decrease in economic interest from HG Vora Capital Management, LLC, as of June 5, 2024. The investment firm’s economic stake in Pointsbet now represents a 9.12% interest, down from a previously disclosed position. This change is due to partial early terminations of a cash-settled swap agreement, and no physical shares are involved.

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