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UPDATE–Brag House Announces $15 Million Private Placement
Globenewswire· 2025-07-24 22:45
Core Points - Brag House Holdings, Inc. has entered into a securities purchase agreement with twelve accredited investors for a PIPE financing expected to yield approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be used for general corporate purposes, including working capital [2] Securities Details - The company is selling 15,000 shares of Series B Convertible Preferred Stock, convertible into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3] - The offering includes 15,923,567 warrants to acquire the same number of common stock shares, with an exercise price of $0.817 per share, expiring five years from issuance [3] Placement Agent - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] Regulatory Information - The securities offered have not been registered under the Securities Act and are only available to accredited investors [5] - The company plans to file registration statements with the SEC for the resale of unregistered shares [5] Company Overview - Brag House is a media technology platform focused on transforming college gaming into a community-driven experience, connecting brands with the Gen Z demographic through gamified experiences and live-streaming content [7]
Brag House Announces $15 Million Private Placement
GlobeNewswire News Room· 2025-07-24 19:51
Core Viewpoint - Brag House Holdings, Inc. has entered into a PIPE financing agreement with an institutional investor, expected to generate approximately $15 million in gross proceeds for the company [1]. Group 1: Financing Details - The company is selling 15,000 shares of Series B Convertible Preferred Stock, which can be converted into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3]. - The purchase price for one unit, consisting of one share of Series B Convertible Preferred Stock and the same number of warrants, is $1,000 [3]. - The warrants are exercisable immediately at an exercise price of $0.817 per share and will expire five years from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital [2]. Group 3: Regulatory Information - The securities offered have not been registered under the Securities Act of 1933 and are only available to accredited investors [5]. - The company plans to file registration statements with the SEC for the resale of unregistered shares from the conversion of Series B Preferred Stock and the exercise of warrants [5]. Group 4: Company Overview - Brag House is a media technology platform focused on transforming college gaming into a community-driven experience, connecting brands with the Gen Z demographic through gamified experiences and live-streaming content [7].
Why Is MEI Pharma Stock Soaring On Friday?
Benzinga· 2025-07-18 17:22
Group 1 - MEI Pharma, Inc. has entered into a private investment in public equity (PIPE) transaction for the purchase and sale of 29.2 million shares at $3.42 per share, expecting aggregate gross proceeds of approximately $100 million [1][2] - The company will appoint Charlie Lee to its board of directors, while current member Taheer Datoo will resign [2] - GSR will serve as the digital asset and treasury management advisor to oversee the implementation of its Litecoin Treasury Strategy [2] Group 2 - This transaction marks a significant milestone in MEI's long-term strategic plan, establishing it as the first publicly traded company to adopt Litecoin as a treasury reserve asset [3] - Litecoin, created by Charlie Lee in October 2011, is often referred to as the "silver to Bitcoin's gold" and has a proven track record of growth and reliability [3] - By integrating Litecoin into its treasury operations, MEI gains access to a decentralized monetary asset that complements its cash management framework [3] Group 3 - MEI Pharma stock is trading higher, up 31.54% at $5.92 [4]