Thursday, September 18, 2025

Latest

Enthusiast Gaming Prices Financing, Looks To Raise US$46 Million

Enthusiast Gaming Holdings Inc. (TSX: EGLX) announced today the pricing of its previously announced equity offering made with a syndicate of underwriters led by RBC Capital Markets and Canaccord Genuity. The company is now looking to raise aggregate proceeds of US$46 million.

Under the terms of the offering, the firm pegged the share price at US$5.75 per share, effectively putting 8.0 million shares on the table. Enthusiast Gaming, together with its shareholder Blue Ant Media, has also granted the underwriters an option to purchase an additional 1.2 million shares. Should this over-allotment option be exercised, Blue Ant has the option to provide 50% of the shares for the over-allotment option.

The transaction is expected to close on June 15, 2021.

The company relayed that it intends to use the proceeds from the offering to strengthen its financial position, finance future acquisitions, for working capital, the repayment of indebtedness, and other general corporate purposes. 

Enthusiast Gaming last traded at $7.38 on the TSX.


Information for this briefing was found via Sedar and Enthusiast Gaming. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Enthusiast Gaming Sees Canaccord Give Slight Lift To Price Target

On May 16th, Enthusiast Gaming (TSX: EGLX) reported its first quarter financial results. The company...

Sunday, May 22, 2022, 05:19:00 PM

Canaccord Lowers Enthusiast Gaming’s Price Target Despite Prelim Earnings Beat

On February 8th, Enthusiast Gaming (TSX: EGLX) reported its preliminary fourth quarter 2021 results. The...

Thursday, February 17, 2022, 05:06:00 PM

Enthusiast Gaming: Canaccord Raises Price Target To $12

On March 22nd, Enthusiast Gaming (TSX: EGLX) released their fourth-quarter earnings and announced a partnership...

Sunday, March 28, 2021, 02:39:00 PM

Hut 8 Mining Slowly Steps Into Esports Space Via Partnership With Enthusiast Gaming

Hut 8 Mining (TSX: HUT) is apparently looking to muddy its once-simple investment thesis. The...

Wednesday, March 2, 2022, 08:22:12 AM

Enthusiast Gaming Closes US$11.0 Million Tabwire Acquisition

Enthusiast Gaming Holdings Inc. (TSX: EGLX) announced today that it has closed the previously announced...

Thursday, June 24, 2021, 10:02:00 AM