typical RS dip-- how low will it go?? Guessed .80-- its LOWER than expected during the 1st half hr. Will we see .50 today?
LAS VEGAS, NV / ACCESSWIRE / October 2, 2023 / EBET, Inc. ("EBET" or the "Company") (NASDAQ:EBET), a global online i-gaming casino website operator, today announced that it has amended its existing $30,000,000 Term Loan and increased borrowing availability by upsizing EBET's existing $2,000,000 discretionary Revolving Loan to $4,000,000 through a Second Amendment to Credit Agreement and an amendment to its existing Forbearance Agreement with CPBF Lending, LLC ("CPBF"), its lender (together, the "Amended Credit Agreements").
The Amended Credit Agreements allow EBET to convert all interest expense from current cash pay to pay-in-kind additions to principal (PIK) that will be due upon maturity, effectively deferring over $339,000 of monthly cash interest payments through the end of the forbearance period. The forbearance period has been extended from October 31, 2023 to June 30, 2025. The Amended Credit Agreements increase funds available to the Company under the discretionary Revolving Loan from $2,000,000 to $4,000,000 (inclusive of PIK on the Revolving Loan). The interest rate on the Term Loan and the Revolving Loan has been increased from 15.0% to 16.5%. Outstanding principal and interest Term Loan and Revolving Loan amounts under the Amended Credit Agreements may be converted into EBET common shares at CPBF's option at a conversion price of $1.25 per share for the initial $5.0 million of the loan amount and at a conversion price of $2.50 per share for the remainder of the loan amount, provided that CPBF may not convert any portion of the loans into EBET common shares during an initial 45-day lockup or to the extent that, after giving effect to such conversion, CPBF and its affiliates would beneficially own more than 9.99% of the then issued and outstanding EBET common shares.
same ticker symbol, maybe only a changed cusip, i think it can be traded even now for those that held..
par for the course here...
On October 2, 2023, the Company entered into an amended and restated note conversion option agreement (the “Option Agreement”) with the Lender. Pursuant to the Option, the Company agreed that Lender have the right to convert any amounts due pursuant to the Loan and the Revolving Loan into shares of Company common stock at a conversion price of $1.25 per share with respect to the initial $5.0 million and at a conversion price of $2.50 per share with respect to the remaining amounts. In addition, the Company agreed to file a registration statement registering the resale of the shares of Company common stock underlying the Loan within 45 days of the date of the Option and to use its commercially reasonable efforts to cause such registration statement to become effective within 120 days of the date of the Option.
i think .029 will be. wont take long IMO. this is pretty much the worst Nasdaq stock that ever existed IMO.
Y’all think $.73 would be a good buy here?
lol. yea. strangers will really care what you have to tell them to do. lol. yea, this is behaving JUST like a stock thats ready for a buyout. thanx
benhor for your psychic predictions. lol
Drop to low .80s imo
lol. that's how it looks? how's that?
No it does not! If they had that in mind they would have reverse split 100 for 1
$EBET Looks like Merger or Buyout is on order that’s why company done the R/S sooner
LAS VEGAS, NV / ACCESSWIRE / September 29, 2023 / EBET, Inc., (NASDAQ:EBET) a leading global provider of advanced wagering products and technology, announced, today announced that it filed an amendment to articles of incorporation with the Secretary of State of the State of Nevada to effect a 1-for-30 reverse stock split of its common stock. The reverse stock split will take effect at 4:01 pm (Eastern Time) on September 29, 2023, and the Company's common stock will open for trading on The Nasdaq Capital Market on October 2, 2023 on a post-split basis, under the existing ticker symbol "EBET" but with a new CUSIP number 278700 208.
As a result of the reverse stock split, every 30 shares of the Company's common stock issued and outstanding prior to the opening of trading on October 2, 2023 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.001. No fractional shares will be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share will be entitled to the rounding up of the fractional share to the nearest whole number.
As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 448.2 million shares to approximately 14.9 million shares, and the number of authorized shares of common stock will remain at 500 million shares. As a result of the reverse stock split, proportionate adjustments will be made to the per share exercise price and/or the number of shares issuable upon the exercise or vesting of all outstanding stock options and warrants, which will result in a proportional decrease in the number of shares of the Company's common stock reserved for issuance upon exercise or vesting of such stock options and warrants, and a proportional increase in the exercise price of all such stock options and warrants. In addition, the number of shares reserved for issuance under the Company's equity compensation plan immediately prior to the reverse stock split will be reduced proportionately.
will change monday- RS effected on the fri close-- open new PPS monday
I thought RS October 20th
Oooops they simply forgot to mention a RS! fancy that
“Other transaction” 🤔 ch11?
$EBET Revenue Grew 43% in Most Recent 12-Month Period from 1.25 Million Customers
On July 26, $EBET announced that the company would begin to explore strategic alternatives including a potential merger, sale or other transactions.
your post sounds like begging and hopes and dreams. what makes you think those big buyers didnt dump yesterday in smaller lots? lmao
$EBET : Friday viewing as post split would be Last sale : .948 Volume 12,817,554 (OS 14,900,000)
Day range $.93 to $1.35 & 52 week range = .813 to $79.80
Highest hit after first drop last month would be $3.36 hit on 8/16/23 from the low hit of .813 on 8/8/23
$EBET : Yes they need to get over $1 for 10 days in a row to be in compliance , the close was .0316 and looks like all non longs(flippers and the weak) ran for the hills pretty hard and may be all gone now , that Big buyer at .055 and .0545 would now be the Big Buyer at x30 so their average is now $1.63 -$1.65.
They spent $350k and $700k from what I saw = $1mil in EBET now at $1.63-$1.65 avg
Current price is .0316 x 30 = $.948 at the oversold level , with a cleaned up Outstanding of $14.9m
Still on watch for "Board in considering a full range of strategic alternatives including a potential merger, sale or other strategic transactions."
Now I think these big buyers are going to help keep the price over $1.00 - if they already spent at least $1mil , they must know something like a Merger is coming, something positive , much better share structure now , much more attractive and cleaned up.
Something is up here, and I just can't follow the sheep out of this one with Houlihan Lokey hired and on board
These are their steps , first we got the 8-k with $$ from lenders ,now we get the share structure cleaned up .
Now they are in a position where they can announce some positive developments now that the RS is taken care of , they are going to want to help the price now , before the RS they are MUM ..................After the RS they now can proceed and open up the news ......
that's so unoriginal. expected though.
you really are a moron.
The faint-hearted have left!
The faint-hearted have left!
The faint-hearted have left!