Lucosky Brookman LLP congratulates its client, Esports Entertainment Group (Nasdaq: GMBL), (Nasdaq: GMBLW) on its successful public offering of shares of preferred stock and capital raise of $8,000,000. The Company has commenced an underwritten registered public offering of its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock, par value $0.001 per shares, at a price of $10.00 per share. Each share of Series A Preferred Stock will be convertible into shares of the Company’s common stock, at a conversion price of $17.50 per common share, at any time at the option of the holder. In connection with this offering, the Company expects to grant the underwriters a 45-day option to purchase additional shares of Series A Preferred Stock at the public offering price, less underwriting discounts and commissions.
