BlueBet Holdings Ltd. ( (AU:BBT) ) has shared an update.
betr Entertainment Limited, trading on the ASX under the ticker BBT, has announced a fully underwritten pro-rata accelerated non-renounceable entitlement offer and institutional placement to raise a total of approximately AUD$130 million. The funds raised will be used to support the company’s operations and growth initiatives. Eligible retail shareholders in Australia and New Zealand can participate in the offer, which allows them to subscribe for new shares at a price of A$0.32 per share, with the opportunity to apply for additional shares beyond their entitlement. This capital raising initiative is expected to strengthen betr’s financial position and enhance its market competitiveness.
More about BlueBet Holdings Ltd.
YTD Price Performance: 6.67%
Average Trading Volume: 421,496
Technical Sentiment Signal: Hold
Current Market Cap: A$198.1M
See more data about BBT stock on TipRanks’ Stock Analysis page.