Brief: EBET - Unable To Predict A Date For Resumption Of Operations In Germany, If At All

EBET

12/06/2023 12:51

June 12 (Reuters) - EBET Inc  EBET.O :
    * EBET - ON JUNE 9, CP BF LENDING PROVIDED CO WITH LIMITED
WAIVER
OF  CERTAIN MINIMUM LIQUIDITY, OTHER FINANCIAL AND OTHER
COVENANTS UNTIL JUNE 20
    * EBET INC - DOES NOT EXPECT TO SATISFY COVENANTS PRIOR TO
JUNE
20, 2023
    * EBET INC - ANTICIPATES IT MAY BE REQUIRED TO NEGOTIATE A
FORBEARANCE AGREEMENT WITH LENDER PRIOR TO JUNE 20
    * EBET INC - ON JUNE 8, BOARD ESTABLISHED COMMITTEE OF
INDEPENDENT
DIRECTORS TO REVIEW AND EVALUATE POTENTIAL STRATEGIC
ALTERNATIVES FOR CO
    * EBET INC - AS OF JUNE 12, CO'S GAMING WEBSITES THAT
OPERATE IN
GERMANY REMAIN SHUT DOWN
    * EBET INC - UNABLE TO PREDICT A DATE IN WHICH ITS
OPERATIONS IN
GERMANY WILL RESUME, IF AT ALL

Further company coverage:  EBET.O 

 (reuters.briefs@thomsonreuters.com)