High Roller Technologies has announced the pricing of a registered direct offering for the sale of approximately $25m (£18.6m) in shares of its common stock.
The number of shares on offer is 1,892,506 at a price of $13.21 per share.
Announcing the move on Tuesday (20 January), High Roller said it intends to use the proceeds from the offering for “sales and marketing, geographic expansion, product development and diversification and for working capital and general corporate purposes”.
The direct offering is expected to close on Wednesday (21 January) subject to satisfaction of closing conditions. ThinkEquity is acting as sole placement agent for the offering.
The $25m gross figure does not account for the deduction of the placement agent’s fees and offering expenses.
In November, High Roller Technologies posted its first profits since publicly listing on the New York Stock Exchange in the final quarter of 2024.
Adjusted EBITDA for Q3 2025 was $622,000, while the company reported revenue as $6.3m.
CEO Seth Young, appointed in September, described the quarter as “standout” and profitability as a “major milestone”.
“Our strategy centres on creating long-term shareholder value through smart growth, robust governance and exceptional customer experiences,” he said in November.
“We’re committed to doing this the right way, with prudence, compliance and performance discipline.
“We’re only beginning to unlock the full potential of our brand and our team, and our conviction remains incredibly strong as we take steps towards implementing new products and expanding into new markets.”
Last week High Roller struck a deal with Crypto.com for the operator to provide prediction markets on its platform.
High Roller’s share price jumped from $3.52 on 13 January to a high of $23.75 on 15 January, before tapering off slightly in the following days.
The operator closed its initial public offering at $8 per share at the end of 2024.
The post High Roller to sell $25m in shares to fund marketing drive and expansion plans first appeared on EGR Intel.
Offering comes after operator announced the launch of prediction markets via Crypto.com partnership last week
The post High Roller to sell $25m in shares to fund marketing drive and expansion plans first appeared on EGR Intel.