Private bookbuild sees Scout Gaming raise €3.5m capital

first_imgShare Scout Gaming secures £6.5m through bookbuild July 17, 2020 Scout Gaming rolls out esports betting April 16, 2020 Related Articles Share Norsk Tipping exploring fantasy sports option with Scout Gaming February 20, 2020 Submit StumbleUpon Issuing a market filing, Stockholm-listed Scout Gaming AB confirms that it has raised SEK 36 million (€3.5m) in working capital having completed two direct share placements selling approximately 3 million of company shares.Scout governance had been granted rights to sanction the transaction at the Stockholm firm’s AGM on 23 May 2019.The two share placements were directly issued to Scout investors Tekkorp Holding (transaction 1.3m shares) and US-based institutional investor Topline Capital (1.6m shares) to participate in a ‘accelerated book-building procedure’.Scout informs that its two placements were priced at SEK 12 per share, representing a 10% discount on the firm’s Nasdaq First North weighted index price.The firm’s transaction has been secured by Nordic investment bank ABG Sundal Collier. The shares will be transferred to the new and existing shareholders in the Company in accordance with agreements entered between ABG Sundal Collier and investors.“Scout Gaming is undergoing an intensive launch phase where we accelerated our growth during the second half of 2019,” said Scout Gaming CEO Andreas Ternström. “We have been approached by strategic investors who are important to the company and are pleased to be able to execute this transaction. With the transactions, we have financial flexibility and room for strong growth over the next years.”last_img

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