Inspired Entertainment (INSE) Announces 5.4M Share Common Stock Offering
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Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) announced today the launch of an underwritten public offering by The Landgame Trust (Evan Davis, Trustee) (the "Selling Stockholder") of 5,406,633 shares of Inspired's common stock. The Selling Stockholder has also granted the underwriters an option to purchase up to an additional 810,995 shares at the public offering price, less underwriting discounts and commissions.
Inspired is not issuing or selling any shares of common stock in the offering and will not receive any proceeds from the shares of common stock sold by the Selling Stockholder, except as set forth in the prospectus supplement relating to the offering.
B. Riley Securities and Macquarie Capital are acting as the bookrunners for the offering; with Craig-Hallum, Roth Capital Partners and Union Gaming acting as co-managers.
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