{"id":404060,"date":"2020-12-21T16:33:14","date_gmt":"2020-12-21T21:33:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404060"},"modified":"2020-12-21T16:33:14","modified_gmt":"2020-12-21T21:33:14","slug":"gan-announces-closing-of-upsized-follow-on-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gan-announces-closing-of-upsized-follow-on-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/","title":{"rendered":"GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares"},"content":{"rendered":"

<\/p>\n

GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares<\/b><\/p>\n

IRVINE, Calif.–(BUSINESS WIRE<\/a>)–
\nGAN Limited (the \u201cCompany\u201d or \u201cGAN\u201d) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the closing of its previously announced upsized follow-on underwritten public offering of 7,174,456 ordinary shares, which includes the exercise in full of the underwriter\u2019s option to purchase 935,798 ordinary shares, at a price to the public of $15.50 per share. 6,790,956 shares are being sold in the offering by GAN, and 383,500 shares are being sold in the offering by selling shareholders.\n<\/p>\n

\nB. Riley Securities, Inc., a subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), acted as the sole book-running manager for the offering.\n<\/p>\n

\nSheppard, Mullin, Richter & Hampton LLP and Walkers (Bermuda) Limited acted as legal counsel to GAN. The NBD Group, Inc. acted as legal counsel to B. Riley Securities, Inc.\n<\/p>\n

\nA registration statement on Form F-1 relating to the offering has been filed with the Securities and Exchange Commission and became effective on December 16, 2020. The offering of these securities was made only by means of a prospectus, copies of which may be obtained by contacting: B. Riley Securities, Attention: Prospectus Department, 1300 17th St. North, Ste. 1300, Arlington, VA 22209, or by email at prospectuses@brileyfin.com<\/a>, or by telephone at (703) 312-9580.\n<\/p>\n

\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n

About GAN Limited<\/b><\/p>\n

\nGAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK\u2122, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201221005730\/en\/<\/a><\/span><\/p>\n

Investor Contacts:<\/b><\/p>\n

GAN
\n<\/b>
Jack Wielebinski
\n
Head of Investor Relations
\n
(214) 799-4660
\n
jwielebinski@GAN.com<\/a><\/p>\n

Alpha IR Group
\n
<\/b>Sofia Byrne or Chris Hodges
\n
(312) 445-2870
\n
GAN@alpha-ir.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Entertainment Technology Online Software Internet Casino\/Gaming<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares IRVINE, Calif.–(BUSINESS WIRE)– GAN Limited (the \u201cCompany\u201d or \u201cGAN\u201d) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the closing of its previously announced upsized follow-on underwritten public offering of 7,174,456 ordinary shares, which includes the exercise in full of the underwriter\u2019s option to purchase 935,798 ordinary shares, at a price to the public of $15.50 per share. 6,790,956 shares are being sold in the offering by GAN, and 383,500 shares are being sold in the offering by selling shareholders. B. Riley Securities, Inc., a subsidiary of B. Riley Financial, Inc. … <\/p>\n

Continue reading “GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404060","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gan-announces-closing-of-upsized-follow-on-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GAN Announces Closing of Upsized Follow-on Public Offering and Full Exercise of Underwriter\u2019s Option to Purchase Additional Shares IRVINE, Calif.–(BUSINESS WIRE)– GAN Limited (the \u201cCompany\u201d or \u201cGAN\u201d) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the closing of its previously announced upsized follow-on underwritten public offering of 7,174,456 ordinary shares, which includes the exercise in full of the underwriter\u2019s option to purchase 935,798 ordinary shares, at a price to the public of $15.50 per share. 6,790,956 shares are being sold in the offering by GAN, and 383,500 shares are being sold in the offering by selling shareholders. 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