PointsBet Holdings has announced a $303m equity raising through Bell Potter and MST Financial Moelis out of the US is also involved.
The raise includes a fully underwritten 1 for 6.5 accelerated pro rata renounceable entitlement offer to secure $153.2m at $6.50 per share.
Eligible shareholders will also receive one new option for every 2 shares issued under the Entitlement Offer, exercisable at $13.00 and expiring on 30 September 2022.
The group is also launching an institutional placement to raise about $150m and the placement price, and the total proceeds will be determined after completion of a bookbuild process.
The proceeds will be used for marketing and business development.
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