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Esports Technologies completes first day of trading on the Nasdaq Capital Market

16 April 2021

(PRESS RELEASE) -- Esports Technologies, Inc., a global provider of advanced electronic sports wagering products and technology, announced that its common stock commenced trading on the Nasdaq Capital Market yesterday under the ticker symbol "EBET." The shares opened at $21.00 and closed at $36.42.

On 14 April 2021, the Company priced its initial public offering of 2,400,000 common shares at a public offering price of $6.00 per share. The gross proceeds to the Company from the Offering were $14,400,000, before deducting underwriting discounts, commissions and other expenses.

Boustead Securities, LLC acted as the sole underwriter for the firm commitment Offering. Schiff Hardin LLP acted as counsel to the Company, and Michelman & Robinson LLP acted as counsel to the underwriter.

The Offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, on the SEC's website at Copies of the final prospectus, when available, may be obtained from: Boustead Securities, LLC, by email at or telephone +1 (949) 502-4408 or standard mail to Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. This does not mean that the SEC has approved, passed upon the merits, or passed upon the accuracy or completeness of the information.

A registration statement relating to these securities was filed with the Securities and Exchange Commission and was declared effective on April 14, 2021. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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