Enthusiast Gaming Launches Marketed Public Offering of Common Shares in the United States and Canada
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Enthusiast Gaming" or the "
Company") (NASDAQ: EGLX) (TSX: EGLX), a media and content platform for video game and esports fans to connect and engage, today announced the launch of a proposed marketed public offering of common shares ("
Common Shares") in the United States and Canada. A total of 8,000,000 Common Shares will be offered by the Company (the "
Offering").
The Company intends to use the net proceeds of the Offering primarily to strengthen its financial position, inclusive of future acquisitions, working capital, repayment of indebtedness and other general corporate purposes.