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betr Entertainment Secures $130M Equity Raise at Premium Ahead of PointsBet Bid
4:42am on Monday 2nd of June, 2025 AEST
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Consumer Discretionary
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betr Entertainment Secures $130M Equity Raise at Premium Ahead of PointsBet Bid
4:42am on Monday 2nd of June, 2025 AEST
Key Points
Completed $114.4 million institutional placement and entitlement offer
Retail entitlement offer of $15.6 million to open on 6 May 2025
New shares issued at a 13.7% premium to 10-day VWAP
Equity raise to fund PointsBet acquisition and market consolidation strategy
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