High Roller Technologies, the operator of online casinos High Roller and Fruta, announced the closing of its initial public offering of 1,250,000 shares of its common stock at a public offering price of $8.00 per share, for gross proceeds of $10 million, before deducting underwriting discounts and offering expenses.
In addition, High Roller has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.
The operator informed that it intends to use the net proceeds from the offering for new user acquisition, the expansion to North American and/or other regulated markets, the launch of one or more new brands or verticals, and the balance of proceeds for general working capital.
The Form S-1 was filed with the Securities and Exchange Commission (SEC) on October 22 and ThinkEquity acted as the sole book-running manager.
