WOODBRIDGE, N.J., April 21, 2020 /PRNewswire/ -- Lucosky Brookman LLP (www.lucbro.com), a leading corporate finance and securities law firm, is proud to congratulate its client, Esports Entertainment Group, Inc. ("Esports" or the "Company") (NASDAQ: GMBL) (www.esportsentertainmentgroup.com), a licensed online gambling company with a focus on esports wagering and 18+ gaming, on the Company's successful uplist transaction, capital raise of $8,400,000 and listing on the NASDAQ Capital Market.
The Firm served as lead counsel and assisted the company in its offering of 1,980,000 units at a price of $4.25 per unit. Each unit consisted of one share of common stock and two warrants to purchase common stock. The common stock and warrants began trading on the NASDAQ Capital Market on April 14, 2020, under the symbols "GMBL" and "GMBLW", respectively.
Managing Partner of Lucosky Brookman, Joseph Lucosky commented, "On behalf of all of the attorneys and staff at the Firm, we congratulate Esports and its CEO Grant Johnson. Successfully uplisting to NASDAQ is a testament to management's hard work, dedication and commitment to excellence. We are looking forward to serving Esports while they continue their growth and success in the coming months and years."
Esports Entertainment Group is a licensed online gambling company with a focus on esports wagering and 18+ gaming. The company offers fantasy, pools, fixed odds and exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment Group is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports.
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SOURCE Lucosky Brookman LLP