Brag House Holdings Inc. Secures $15 Million in Private Placement to Fuel Corporate Growth
Reuters
Jul 31
<a href="https://laohu8.com/S/TBH">Brag House Holdings Inc.</a> Secures $15 Million in Private Placement to Fuel Corporate Growth
Brag House Holdings Inc. (NASDAQ: TBH), a Gen Z-focused engagement platform at the crossroads of gaming, college sports, and digital media, has successfully closed a $15 million private placement. The company plans to use the net proceeds for general corporate purposes, including working capital. Revere Securities LLC served as the sole placement agent for the financing. The offering involved the sale of 15,000 shares of Series B Convertible Preferred Stock, which can be converted into approximately 15.9 million shares of common stock at a conversion price of $0.942 per share. Additionally, 15.9 million warrants were issued, allowing holders to acquire common stock at an exercise price of $0.817 per share over the next five years. The securities were offered to accredited investors.
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