SBC News Voice of the Sports Betting Industry
NYX Gaming Group Ltd. announced today that it has successfully completed an initial public offering and secondary offering of its shares on the Toronto Stock Exchange. Total IPO funding for both rounds equalled CAD $45 million (£25 million)
In connection with the initial public offering, NYX Gaming Group issued 5,715,000 shares and an aggregate of 7,143,000 shares were sold by Verdane NVP II Associates SPV K/S and Verdane NVP II SPV K/S at a price of Cdn$3.50 per share.
The initial public offering and secondary offering resulted in aggregate gross proceeds of CAD $20 million to NYX Gaming Group and CAD $25. million to the Selling Shareholders, for total aggregate gross proceeds of CAD $45.0 million. NYX Gaming Group’s shares will begin trading today on the TSX Venture Exchange under the symbol “NYX”.
The offering was made through a syndicate of underwriters led by Canaccord Genuity Corp. and comprised of Cormark Securities Inc, National Bank Financial Inc., Dundee Securities Ltd., Global Maxfin Capital Inc. and Mackie Research Capital Corporation.
The Selling Shareholders have granted to the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 1,286,000 shares at Cdn$3.50 to cover over-allotments, if any, and for market stabilization purposes.
McCarthy Tétrault LLP acted as Canadian counsel to NYX Gaming Group and Stikeman Elliott LLP acted as Canadian counsel to the underwriters.
