BetMakers conducts A$12.5m placement

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BetMakers Technology Group Ltd has successfully conducted a A$12.5M institutional placement at A$0.10 per share, with firm commitments from investors. An additional A$1.0M will be raised through a Share Purchase Plan (SPP) for existing eligible shareholders. The funds raised, along with existing cash reserves, will be utilized for debt repayment, content agreements, potential strategic acquisition, and enhancing financial flexibility. The Placement, not subject to shareholder approval, is set to settle by June 11, 2025, and the SPP offer period will open on June 17, 2025. CEO Jake Henson expressed gratitude for the support received, highlighting the opportunities for growth. Investors are encouraged to explore the detailed information provided in the ASX announcement and Investor Presentation from June 4, 2025, for insights into the capital raising. Shareholders residing in Australia or New Zealand as of June 4, 2025, are eligible for the SPP. The indicative timetable outlines key dates for shareholder participation. The Company emphasizes transparency and disclosure and invites investors to engage with any inquiries regarding the announcement.