Corporate ActionJun 29, 2026, 03:01 PM
Bragg Gaming Details Subscription Receipt Offering, Insider Participation
AI Summary
Bragg Gaming Group Inc. provided details on its Subscription Receipt offering, priced at US$1.73 per receipt, which will convert into one common share and one non-transferable common share purchase warrant upon the completion of the acquisition of Drayton International. The warrants are exercisable at US$2.16 per share for 36 months, with a potential acceleration clause. Key insiders, including the CFO, COO, and a director, collectively subscribed for 202,311 Subscription Receipts, demonstrating internal confidence in the offering. The net proceeds are intended for general corporate and working capital purposes.
Key Highlights
- Subscription Receipts issued at US$1.73, based on May 29, 2026 closing price.
- Each receipt converts to one Share and one Warrant upon Drayton International acquisition.
- Warrants exercisable at US$2.16 per Share for 36 months post-transaction closing.
- Warrant expiry can be accelerated if VWAP exceeds 25% above exercise price for 15 days.
- CFO Robert Bressler subscribed for 86,704 Subscription Receipts.
- COO Morten Tonnesen subscribed for 57,804 Subscription Receipts.
- Director Thomas Winter subscribed for 57,803 Subscription Receipts.
- Securities subject to a four-month and one-day statutory hold period in Canada.
Price Impact
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