Brag House Holdings, Inc. Announces Closing of Initial Public Offering
Rhea-AI Summary
Brag House Holdings, a media technology platform focused on casual college gamers and Gen Z brand connections, has completed its Initial Public Offering (IPO). The company successfully offered 1,475,000 shares of common stock at $4.00 per share.
The IPO was managed by Kingswood Capital Partners as Sole Bookrunning Manager and WestPark Capital as underwriter. Legal representation was provided by Lucosky Brookman LLP for Brag House and Dickinson Wright LLP for the underwriters.
The offering was executed through an SEC-approved registration statement on Form S-1, with an additional registration filed under Rule 462(b) that became effective on March 5, 2025.
Positive
- Successful completion of IPO raising $5.9 million in gross proceeds
- Strategic positioning in Gen Z and college gaming market
Negative
- Potential shareholder dilution from newly issued shares
- Small IPO size may indicate institutional interest
News Market Reaction – TBH
On the day this news was published, TBH declined 1.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. ("Brag House" or the "Company"), a premier media technology platform designed for casual college gamers and brands seeking to connect with the Gen Z demographic, today announced the closing of its initial public offering (the "Offering") of 1,475,000 shares of its common stock at a public offering price of US
Kingswood Capital Partners, LLC is acting as the Sole Bookrunning Manager and WestPark Capital Inc. is acting as an underwriter. Lucosky Brookman LLP is acting as U.S. securities counsel to the Company, and Dickinson Wright LLP is acting as U.S. securities counsel to the underwriters in connection for the Offering.
A registration statement on Form S-1 (File No. 333-280282) relating to the Offering was filed with the U.S. Securities and Exchange Commission ("SEC") and was declared effective by the SEC on Friday, February 14, 2025 and an additional registration statement on Form S-1 (File No. 333-285586) related to the Offering was filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and became automatically effective on March 5, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained from Kingswood Capital Partners, LLC, at 126 East 56th Street Suite 22R New York, NY 10022, via email at syndicate@kingswoodus.com, or by calling 212-487-1080. In addition, a copy of the final prospectus can also be obtained via the SEC's website at www.sec.gov.
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.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "estimate," "intend," "plan," "believe," or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s registration statement and other filings with the SEC, available for review at www.sec.gov.
Media Contact:
Dan Walsh
dan@mustardpr.com
+44 (0) 7827 816 971
Investor Relations Contact:
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
FAQ
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