$EBET Update on THE LAWSUIT in new 10q out today, read this clearly now = PLUS DAMAGES ha! As in $70Mil PLUSSSSSSSSS++"plus punitive and other damages proven at trial" As in possible $100Mil to $500Mil or for those with smaller targets plain old $70Mil plus damages!
On September 28, 2023, EBET, INC. filed a lawsuit in the State of Nevada against Aspire Global PLC, AG Communications and affiliated entities asserting damages in an amount of no less than 65,000,000 Euro plus punitive and other damages proven at trial (“Aspire Litigation”) and including causes of action against Aspire and the other defendants for fraud, material breach of the Share Purchase Agreement whereon the Company had acquired the i-gaming B2C assets including the Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP domains, sites, player database and other related assets and also related to the operator service agreements and Promissory Note entered concurrent with the closing of the Share Purchase Agreement, and other causes of action. On November 7, 2023, Aspire and the other defendants removed the subject matter to the United States District Court for the District of Nevada. On December 12, 2024, Aspire filed a Motion to Dismiss our Complaint in the matter and on January 9, 2024 we filed an Opposition to Aspire’s Motion to Dismiss. On February 23, 2024, EBET, Inc. filed a Motion for Leave to File a First Amended Complaint, which included a proposed First Amended Complaint that added Neogames S.A. and NeoGames Connect S.a.r.l. as defendants. On May 8, 2024, the United States District Court for the District of Nevada granted EBET, Inc.’s Motion for Leave to File its First Amended Complaint. EBET, Inc. subsequently filed its First Amended Complaint on May 13, 2024.The Aspire Litigation is material to the Company and the result of such litigation is highly likely to have a material impact on the Company going forward.
Bullish
