Brag House Announces Closing of $15 Million Private Placement
Rhea-AI Summary
Brag House Holdings (NASDAQ: TBH), a Gen Z engagement platform focused on gaming, college sports, and digital media, has successfully closed a $15 million private placement (PIPE) financing.
The company sold 15,000 shares of Series B Convertible Preferred Stock convertible into 15,923,567 shares of common stock at a conversion price of $0.942 per share. The offering included warrants to acquire an equal number of shares, exercisable at $0.817 per share with a five-year expiration. Each unit, priced at $1,000, consisted of one preferred share convertible into approximately 1,061 shares and corresponding warrants.
Revere Securities LLC served as the sole placement agent. The proceeds will be used for general corporate purposes and working capital.
Positive
- Secured significant funding of $15 million through PIPE financing
- Five-year warrant duration provides long-term potential for additional capital
- Immediate warrant exercisability offers quick access to additional funding if exercised
Negative
- Significant potential dilution from conversion of 15,923,567 preferred shares
- Additional dilution possible from warrant exercises
- Securities sold at relatively low price points ($0.942 conversion and $0.817 warrant exercise)
News Market Reaction – TBH
On the day this news was published, TBH gained 1.77%, reflecting a mild positive market reaction. Argus tracked a peak move of +36.0% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $226K to the company's valuation, bringing the market cap to $13M at that time.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”) the Gen Z engagement platform operating at the intersection of gaming, college sports, and digital media, announces today that it has closed the previously announced private investment in public equity (“PIPE”) financing. The Company received gross proceeds of approximately
The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.
Pursuant to the terms of the securities purchase agreement, the Company sold an aggregate of 15,000 shares of its Series B Convertible Preferred Stock convertible into 15,923,567 shares of common stock, at a conversion price of
Revere Securities LLC acted as the sole placement agent for the PIPE financing.
The securities being offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. The Company has agreed to file one or more registration statements with the SEC covering the resale of the unregistered shares issuable upon the conversion of the Series B Preferred Stock and the shares issuable upon exercise of the unregistered warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Brag House
Brag House is a leading media technology gaming platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By seamlessly merging gaming, social interaction, and cutting-edge technology, the Company provides an inclusive and engaging environment for casual gamers while enabling brands to authentically connect with the influential Gen Z demographic. The platform offers live-streaming capabilities, gamification features, and custom tournament services, fostering meaningful engagement between users and brands. For more information, please visit www.braghouse.com.
Caution Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
Media Contact
Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com
Investor Relations Contact
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
FAQ
How much did Brag House (NASDAQ:TBH) raise in their private placement?
What is the conversion price for Brag House's Series B Convertible Preferred Stock?
What are the terms of the warrants issued in Brag House's PIPE financing?
How will Brag House (TBH) use the proceeds from the private placement?
How many Series B Convertible Preferred shares did Brag House sell in the PIPE?
