Market Alert: US Sets Tariff Floor at 15% – Potentially Rising to 50% from 01 August 2025
BetMakers Technology Group Ltd (ASX: BET) has successfully secured AU$12.5 million through an institutional placement priced at AU$0.10 per share, reflecting strong investor confidence. This capital raise is further supported by a Share Purchase Plan (SPP) offering existing eligible shareholders an opportunity to contribute up to AU$1.0 million more. The funds will be strategically allocated to repay existing debt, support content and access agreements (notably in New Jersey), improve working capital, and finance a potential acquisition of Las Vegas Dissemination Company—the sole provider of pari-mutuel wagering services in Nevada. Tekkorp Holdings, led by company President Matt Davey, has pledged up to A$1.0 million, pending shareholder approval. The placement, managed by Canaccord Genuity and Ord Minnett Ltd, strengthens BetMakers’ balance sheet, enabling both organic and inorganic growth initiatives. CEO Jake Henson emphasized this move positions the company to pursue strategic goals with enhanced financial flexibility
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
