Better Collective A/S has completed its offering of new shares (the “New Shares”) through an accelerated bookbuilding process with a subscription price at market of DKK 189.4 implying 0% discount.

The proceeds prepare the Company for future M&A opportunities as the sports media landscape remains highly fragmented.
 
The board of directors of Better Collective has today exercised its authorisation in Article 4.1 in Better Collective’s articles of association, pursuant to which the board of directors is authorised to make share capital increases without pre-emption rights for the existing shareholders.
 
The offering was made pursuant to applicable exemptions from the obligation to publish a prospectus under applicable Danish and Swedish law in a directed issue and private placement and subscribed for by eligible institutional and professional investors in Denmark, Sweden and in certain other jurisdictions and without pre-emption rights for Better Collective’s existing shareholders.
 
Better Collective and members of the executive management have in connection with the offering, agreed to undertake lock-up commitments from the date hereof and until the date of release of the Company’s interim report for Q1 2024 (which is currently expected to be published by the Company on 21 May 2024), subject to certain exceptions.