{"id":37097,"date":"2021-05-27T12:06:37","date_gmt":"2021-05-27T15:06:37","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2021\/05\/27\/better-collective-raises-e-147-million-in-unprecedented-opportunity-in-the-u-s-affiliate-market\/"},"modified":"2021-05-27T12:07:22","modified_gmt":"2021-05-27T15:07:22","slug":"better-collective-raises-e-147-million-in-unprecedented-opportunity-in-the-u-s-affiliate-market","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/affiliates-en-2\/2021\/05\/27\/better-collective-raises-e-147-million-in-unprecedented-opportunity-in-the-u-s-affiliate-market\/","title":{"rendered":"Better Collective raises \u20ac 147 million in \u2018unprecedented\u2019 opportunity in the U.S. affiliate market"},"content":{"rendered":"\n

The media group Better Collective closed a direct issue of 6.9 million shares worth \u20ac 147 million, with each share priced at $ 21. According to the Better Collective board, the price is in line with market conditions and the transaction should contribute to an increase in the liquidity of its shares.<\/p>\n\n\n\n

With the issuance, the total number of shares and votes in the deal will increase from 46,984,072 to 53,864,806, while its share capital will also increase from \u20ac 469,841 to \u20ac 538,648.06.<\/p>\n\n\n\n

Investors who choose to join this transaction will receive their shares on May 31st. To assist in this process, J. S\u00f8gaard Holding ApS and Chr. Dam Holding ApS supplied Nordea Corporate Finance & ECM with just over three million shares.<\/p>\n\n\n\n

“I am pleased to see the high level of support from our company, both from existing and new shareholders,” said Better Collective co-founder and CEO, Jesper S\u00f8gaard.<\/p>\n\n\n\n

S\u00f8gaard added: “We are very excited about the transaction and the market responsiveness with the acquisition of Action Network Inc., which underpins our strategy to capitalize on an unprecedented market opportunity in the United States in sports betting<\/a> affiliation.”<\/p>\n\n\n\n

Better Collective’s CEO concluded: “With the results of this transaction, we maintain a flexible capital structure to be able to act on future strategic opportunities.”<\/p>\n\n\n\n

About Better Collective<\/h2>\n\n\n\n

Better Collective is a leading sports betting <\/a>media group that develops platforms for the iGaming<\/a> industry. From its products, the company intends to make betting and games more fun, dynamic and fair for the worldwide network of bettors.<\/p>\n\n\n\n

In addition, the organization considers gambling and gaming as a form of entertainment and strives to ensure that players experience iGaming<\/a> as a fun and responsible pastime. Therefore, all products promote the game responsibly and offer informative content to help prevent problems.<\/p>\n","protected":false},"excerpt":{"rendered":"

The media group Better Collective closed a direct issue of 6.9 million shares worth \u20ac 147 million, with each share priced at $ 21. 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