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Esports Entertainment announces public offering

Esports Entertainment announces public offering

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Esports Entertainment Group (EEG) has commenced an underwritten registered public offering of its 10% Series A cumulative redeemable convertible preferred stock at a price of $10.00 per share. Each share of this Series At any time, holders may convert this preferred stock into shares of the company’s common stock, at a price of $17.50 per common share. EEG also expects to grant underwriters a 45-day option to purchase an additional 225,000 shares of the Series A preferred stock at the public offering price, less discounts and commissions. The Company has applied to list the Series A preferred stock on the NASDAQ market and if approved, trading is expected to begin within three working days of the initial stock issue. With bases in the US, UK and Malta, EEG and affiliates are poised to help fans and players to stay connected and involved with their favourite esports. From traditional partnerships with professional NFL, NHL, NBA and FIFA teams, community focused tournaments and boots-on-the-ground LAN cafes, EEG has influence over the full spectrum of esports and gaming at all levels.