FansUnite upsize private placement led by Tekkorp Capital to $3 Million

Finance News

FansUnite Entertainment is pleased to announce that it will upsize its previously announced (see press release dated March 6, 2023) non-brokered private placement to up to $3 million due to strong investor demand.

The business will issue up to 37,500,000 of units of the company, at a price of $0.08 per unit. The Offering is led by Tekkorp Capital, an investment firm that advises and invests in innovative public and private companies within the global digital gaming industry, which has agreed to acquire 13,750,000 Units of the Offering.

“We are pleased to receive significant support from the investment community, which led us to upsize our offering due to the strong investor demand,” said Scott Burton, CEO of FansUnite.

It is anticipated that the net proceeds from the offering will be used for general corporate working capital purposes. The company may pay certain finders a fee in connection with the sale of Units to purchasers ‎introduced to the company by such finders.