BetMakers Invites Shareholders to Boost Holdings in $1M Discounted Share Plan

Context and Capital Strategy

BetMakers Technology Group Ltd (ASX – BET), a player in the gaming technology sector, has announced a Share Purchase Plan (SPP) aiming to raise up to $1 million. This initiative follows a substantial $12.5 million placement to institutional and sophisticated investors earlier this month. The SPP is designed to give existing eligible shareholders in Australia and New Zealand an opportunity to increase their stake at the same discounted price offered to institutional investors.

Offer Details and Shareholder Participation

The SPP shares are priced at $0.10 each, representing a 9.9% discount to the volume weighted average price of BetMakers shares traded over the 10 days prior to the announcement. Eligible shareholders may subscribe for parcels ranging from $2,500 up to a maximum of $30,000 worth of shares. The offer opens on 17 June 2025 and closes at 5 – 00pm AEST on 1 July 2025, with shares expected to be issued on 8 July and commence trading the following day.

Use of Funds and Strategic Outlook

Proceeds from the SPP and the preceding placement will be allocated towards repaying outstanding debt, funding content and access agreements; including payments related to new Jersey Fixed Odds; and supporting the proposed strategic acquisition of the Las Vegas Dissemination Company. Additionally, the capital will enhance the company’s financial flexibility and working capital position, potentially positioning BetMakers for accelerated growth and operational stability.

Governance and Offer Conditions

The offer is non-renounceable, meaning shareholders cannot transfer their rights to purchase shares under the plan. BetMakers reserves the right to scale back applications or accept oversubscriptions at its discretion, subject to regulatory compliance. The company also highlights that the market price of shares may fluctuate between the offer opening and issue dates, but the issue price will remain fixed. Shareholders are encouraged to seek independent financial advice before participating.

Looking Ahead

Chair Matt Davey emphasized the SPP as an opportunity for shareholders to participate alongside institutional investors at an attractive price point. The success of this capital raising effort will be closely watched by the market, as it directly impacts BetMakers’ balance sheet and strategic initiatives. Investors will be keen to see how the funds raised translate into operational progress and shareholder value in the coming months.