SportsHero Secures AU$4.3 Million Placement to Accelerate HeroPlay Rollout
SportsHero Limited (ASX: SHO) has received binding commitments to raise AU$4.3 million through a placement of approximately 57.3 million fully paid ordinary shares at AU$0.075 per share. The raising received solid support from a mix of new and existing shareholders, with participation from institutional investors. The placement includes a AU$300,000 commitment from Chief Executive Officer Tom Lapping, subject to shareholder approval.
The additional funding strengthens SportsHero’s balance sheet and supports the accelerated commercial rollout of HeroPlay across established telecommunications distribution channels in Southeast Asia. Proceeds will be used to expand publisher and distributor agreements, secure additional Telco partnerships, increase direct-to-consumer marketing investment, and repay existing drawn debt facilities. The offer price represents a discount to the last traded price and was completed within existing placement capacity. Settlement is expected shortly, positioning the company to execute its next phase of growth.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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SportsHero Secures AU$4.3 Million Placement to Accelerate HeroPlay Rollout
SportsHero Limited (ASX: SHO) has received binding commitments to raise AU$4.3 million through a placement of approximately 57.3 million fully paid ordinary shares at AU$0.075 per share. The raising received solid support from a mix of new and existing shareholders, with participation from institutional investors. The placement includes a AU$300,000 commitment from Chief Executive Officer Tom Lapping, subject to shareholder approval.
The additional funding strengthens SportsHero’s balance sheet and supports the accelerated commercial rollout of HeroPlay across established telecommunications distribution channels in Southeast Asia. Proceeds will be used to expand publisher and distributor agreements, secure additional Telco partnerships, increase direct-to-consumer marketing investment, and repay existing drawn debt facilities. The offer price represents a discount to the last traded price and was completed within existing placement capacity. Settlement is expected shortly, positioning the company to execute its next phase of growth.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au