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.
Add your comment to this story
Japan’s Sumitomo seeking to offload troubled Healthscope loans
Japan’s Sumitomo Mitusi Banking Corp is one of eight lenders to Healthscope poised to offload its loans made to the cash-strapped hospital business.
Why David Di Pilla is the most watched investor in the market
The recent market sell-off has placed HMC Capital’s listed satellite funds in the spotlight amongst the investment community.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout