BetMakers share purchase plan has proven a hit with investors. The company received more applications than expected, securing $1.2m instead of the initial $1m target. This move strengthens its cash position and supports upcoming growth initiatives.

• The BetMakers share purchase plan wrapped up on 1 July 2025 after strong demand from eligible shareholders. It originally aimed to raise $1m but received $1.2m in valid applications at $0.10 per share. The same pricing was applied to a recent $12.5m institutional placement.

• The company decided to accept the oversubscriptions and expand the plan size to $1.2m. A small scale-back of $2,500 was carried out based on factors like applicant shareholdings and application sizes. Excess funds will be refunded without interest as soon as possible.

• A total of 12 million new shares were issued today under the BetMakers share purchase plan. These shares will rank equally with existing shares and start trading on the ASX on 9 July 2025. The funds add to the recent placement, taking the total capital raised to $13.7m.

• The money raised will be used to pay off all outstanding debt. It will also support content and access deals, including payments for New Jersey Fixed Odds agreements. BetMakers is also eyeing the strategic acquisition of Las Vegas Dissemination Company.

• The company plans to improve financial flexibility and boost working capital with the proceeds. “We appreciate the strong support from our shareholders,” the company said in its announcement. The board has authorised the release of this update to the ASX.

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