Bragg Announces US$7 Million Secured Note Financing
Bragg Gaming Group Inc. - Common Shares (BRAG)
Company Research
Source: Business Wire
TORONTO--(BUSINESS WIRE)--Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a global B2B gaming technology and content provider, today announced the issuance of a secured promissory note in the principal amount of US$7 million (the “Note”) to certain entities controlled by Doug Fallon, Managing Director of Group Content of the Company and the Founder of Nevada-based Wild Streak Gaming. The Note matures on April 25, 2025 and bears interest at an annual rate of 14%, payable quarterly.“This financing provides the Company’s balance sheet with additional flexibility as we continue to review strategic alternatives for maximizing shareholder value and execute against our strategy,” said Matevž Mazij, Chief Executive Officer. “We would also like to thank The Lind Partners for their cooperation in providing a waiver consenting to the Note funding”.“After reporting another consecutive full year of strong revenue, gross profit and Adjusted EBITDA growth in 2023, w
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- Bragg Gaming announces $7M secured note financing [Seeking Alpha]Seeking Alpha
- Bragg Announces US$7 Million Secured Note Financing [Yahoo! Finance]Yahoo! Finance
- Bragg Gaming Group to Release First Quarter 2024 Results on May 9Business Wire
BRAG
Sec Filings
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/22/24 - Form 6-K
- BRAG's page on the SEC website