betr Launches Superior $80M All-Scrip Takeover Bid for PointsBet

• All-scrip offer of 3.81 betr shares per PointsBet share, valuing PointsBet at $1.22 per share
• Selective buy-back option capped at $80 million to provide cash liquidity to accepting PointsBet shareholders
• No minimum acceptance condition, offering execution certainty compared to competing MIXI proposal
• Expected synergies exceeding $40 million under a full acquisition scenario