Archives for December 2020
Irvine, California | December 21, 2020: GAN Limited (the “Company” or “GAN”) (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’s 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.
Irvine, California | December 17, 2020: GAN Limited (the “Company” or “GAN”) (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 pricing of its upsized follow-on underwritten public offering of 6,238,658 shares of its common stock at a price to the public of $15.50 per share. 5,855,158 shares are being sold in the offering by GAN, and 383,500 shares are being sold in the offering by selling shareholders. GAN has granted the underwriter of the offering a 30-day option to purchase up to an additional 935,798 ordinary shares to cover over-allotments at the public offering price less the underwriting discounts and commissions. The upsized offering will result in gross proceeds to GAN of $90.8 million ($105.3 million if the overallotment is exercised in full) prior to underwriting discounts, commissions and other offering expenses. The offering is expected to close on December 21, 2020, subject to customary closing conditions.
Irvine, California | December 14, 2020: GAN Limited (the “Company” or “GAN”) (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 launch of its follow-on public offering of 5,200,000 ordinary shares pursuant to a registration statement filed with the Securities and Exchange Commission (“SEC”). 4,816,500 shares are proposed to be sold in the offering by GAN, and 383,500 shares are proposed to be sold in the offering by selling shareholders. GAN expects to grant the underwriter of the offering a 30-day option to purchase up to an additional 780,000 ordinary shares to cover over-allotments at the public offering price less the underwriting discounts and commissions.
