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Brag House Announces Closing of $15 Million Private Placement
Globenewswire· 2025-07-30 20:15
Core Points - Brag House Holdings, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be utilized for general corporate purposes, including working capital [2] - The company sold 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] - Each unit sold consists of one share of Series B Convertible Preferred Stock and one warrant, priced at $1,000 per unit [3] - The warrants are immediately exercisable at an exercise price of $0.817 per share and will expire in five years [3] - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] - The securities offered have not been registered under the Securities Act and are available only to accredited investors [5] Company Overview - Brag House is a media technology gaming platform focused on transforming casual college gaming into a community-driven experience [7] - The platform integrates gaming, social interaction, and technology to create an engaging environment for casual gamers and brands targeting the Gen Z demographic [7] - Features include live-streaming capabilities, gamification, and custom tournament services to enhance user and brand engagement [7]
Brag House Holdings, Inc. Announces Closing of Initial Public Offering
Globenewswire· 2025-03-07 22:49
Core Viewpoint - Brag House Holdings, Inc. has successfully closed its initial public offering, raising capital through the sale of 1,475,000 shares at a price of $4.00 per share, targeting the Gen Z demographic in the casual gaming sector [1]. Group 1: Offering Details - The initial public offering consisted of 1,475,000 shares priced at $4.00 each [1]. - Kingswood Capital Partners, LLC served as the Sole Bookrunning Manager, while WestPark Capital Inc. acted as an underwriter for the offering [2]. - The registration statement for the offering was filed with the SEC and became effective on February 14, 2025, with an additional statement filed on March 5, 2025 [3]. Group 2: Company Overview - Brag House is a media technology platform focused on casual college gaming, aiming to create a community-driven experience [4]. - The platform integrates gaming, social interaction, and technology, providing features like live-streaming and custom tournament services to engage users and brands [4]. - Brag House targets the influential Gen Z demographic, facilitating authentic connections between brands and users [4].