German gaming operator mybet will look to raise up to €3.4m through the issuing of new shares, with the funds to be used to pursue opportunities in Germany’s federally regulated sports betting market.

mybet’s management board will implement a capital increase through the issuance of up to 2,425,737 new shares at a price of €1.40 per share. This will increase mybet’s capital stock from €24.26m to €26.68m, raising gross issuing proceeds of €3.4m.

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