Sydney-listed betting operator and B2B solutions provider TopBetta Holdings is to raise AUD$9m to fund its international expansion strategy.
In total 21,445,681 fully paid ordinary shares will be issued to investors under ASX Listing Rules 7.1 and 7.1A, at a price of $0.42 per share.
The funds will be used to facilitate an accelerated roll-out of new race coverage and wagering products for its Alderney-licensed B2B subsidiary The Global Tote.
Last week the business was licensed to provide international tote services [...]
