Lucosky Brookman LLP Successfully Represents Slinger Bag Inc. in $11 Million Private Placement Offering
Lucosky Brookman congratulates its client, Slinger Bag, Inc. (OTCQB: SLBG), on successfully completing its $11 million private placement offering. Slinger Bag, Inc. is a leading sports brand focused on innovating game improvement technology and equipment. Participating investors in this funding round include several leading small-cap focused investment funds, as well as several high-net-worth individual investors.
Lucosky Brookman acted as corporate and securities counsel to the company. The Firm assisted with the coordination of numerous institutional investors and the drafting of all transaction documents. This funding permits the company to proceed with its plans for Uplisting to the NASDAQ, for which the firm is continuing to assist.
“I am delighted to share this important milestone with our shareholders, as this round of financing comes at a key time for Slinger,” said Slinger Bag CEO Mike Ballardie. “We have aggressive growth plans and have successfully identified capital partners that are aligned with our vision. This financing strengthens our balance sheet while minimizing dilution, and provides us with the ability to execute quickly with our strategic plans. Additionally, these funds provide us with support for our planned Uplisting, furthering our ability to build value for our shareholders. The oversubscription of our raise is a testament to the belief our investors have in the long term vision and capabilities of the Slinger team,” concluded Ballardie.
Spartan Capital Securities, LLC acted as lead placement agent for the offering. Revere Securities LLC served as co-placement agent.