Brief: Bluebet Holdings Announces Merger With Betr

Betr Entertainment

11/04/2024 02:40

April 11 (Reuters) - Bluebet Holdings Ltd  BBT.AX :
    * BBT ANNOUNCES MERGER WITH BETR
    * A$20M EQUITY RAISE
    * COMBINED BUSINESS TO REMAIN LISTED ON ASX & EXPECTS TO
REACH
MONTHLY EBITDA PROFITABILITY IN 1H FY25
    * EQUITY RAISING AT A$0.21 PER SHARE
    * ENTERED BINDING ASSET SALE AGREEMENT TO ACQUIRE NTD PTY
LTD'S
WAGERING BUSINESS
    * IN CONSIDERATION OF DEAL, CO TO ISSUE TO BETR SHAREHOLDERS
265.4
MILLION FULLY PAID ORDINARY SHARES
    * INTENDED THAT MATTHEW TRIPP WILL BECOME CHAIRMAN ON 1 JAN
2025
OF COMBINED BUSINESS


Further company coverage:  BBT.AX 

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