Brag House Holdings, Inc. Announces Full Exercise of Underwriters’ Over-Allotment Option
Brag House Holdings (Nasdaq: TBH) announced the full exercise of underwriters' over-allotment option for their initial public offering, with underwriters purchasing an additional 221,250 shares at $4.00 per share. The total gross proceeds from the IPO, including the over-allotment, amounted to $6.7 million before deducting underwriting discounts and expenses.
Trading of the shares commenced on the Nasdaq Capital Market on March 6, 2025, under the ticker symbol 'TBH'. Kingswood Capital Partners serves as the Sole Bookrunning Manager, while WestPark Capital acts as an underwriter. The offering is supported by Lucosky Brookman LLP as U.S. securities counsel to Brag House and Dickinson Wright LLP as counsel to the underwriters.
Brag House Holdings (Nasdaq: TBH) ha annunciato l'esercizio completo dell'opzione di sovrallocazione degli underwriter per la loro offerta pubblica iniziale, con gli underwriter che hanno acquistato ulteriori 221.250 azioni a $4,00 per azione. I proventi lordi totali dell'IPO, inclusa la sovrallocazione, ammontano a $6,7 milioni prima della deduzione degli sconti e delle spese di sottoscrizione.
Le contrattazioni delle azioni sono iniziate sul Nasdaq Capital Market il 6 marzo 2025, con il simbolo ticker 'TBH'. Kingswood Capital Partners funge da Sole Bookrunning Manager, mentre WestPark Capital agisce come underwriter. L'offerta è supportata da Lucosky Brookman LLP come consulente legale in materia di titoli negli Stati Uniti per Brag House e da Dickinson Wright LLP come consulente per gli underwriter.
Brag House Holdings (Nasdaq: TBH) anunció el ejercicio completo de la opción de sobreasignación de los suscriptores para su oferta pública inicial, con los suscriptores comprando 221,250 acciones adicionales a $4.00 por acción. Los ingresos brutos totales de la IPO, incluida la sobreasignación, ascendieron a $6.7 millones antes de deducir los descuentos y gastos de suscripción.
La negociación de las acciones comenzó en el Nasdaq Capital Market el 6 de marzo de 2025, bajo el símbolo de cotización 'TBH'. Kingswood Capital Partners actúa como el Sole Bookrunning Manager, mientras que WestPark Capital actúa como suscriptor. La oferta cuenta con el apoyo de Lucosky Brookman LLP como asesor legal en valores de EE. UU. para Brag House y Dickinson Wright LLP como asesor de los suscriptores.
Brag House Holdings (Nasdaq: TBH)는 초기 공모의 인수인들의 초과 배정 옵션을 전량 행사했다고 발표했으며, 인수인들은 주당 $4.00에 추가로 221,250주를 구매했습니다. 초과 배정을 포함한 IPO의 총 총수익은 $6.7 백만이며, 인수 수수료 및 비용을 공제하기 전의 금액입니다.
주식 거래는 2025년 3월 6일 Nasdaq Capital Market에서 'TBH'라는 티커 기호로 시작되었습니다. Kingswood Capital Partners는 단독 북런닝 매니저 역할을 하며, WestPark Capital는 인수인으로 활동합니다. 이 제안은 Brag House의 미국 증권 자문으로 Lucosky Brookman LLP에 의해 지원되며, 인수인을 위한 자문으로 Dickinson Wright LLP가 참여합니다.
Brag House Holdings (Nasdaq: TBH) a annoncé l'exercice complet de l'option de surallocation des souscripteurs pour son introduction en bourse, les souscripteurs ayant acheté 221 250 actions supplémentaires à 4,00 $ par action. Les produits bruts totaux de l'IPO, y compris la surallocation, s'élevaient à 6,7 millions de dollars avant déduction des remises et des frais de souscription.
La négociation des actions a commencé sur le Nasdaq Capital Market le 6 mars 2025, sous le symbole 'TBH'. Kingswood Capital Partners agit en tant que Sole Bookrunning Manager, tandis que WestPark Capital agit en tant que souscripteur. L'offre est soutenue par Lucosky Brookman LLP en tant que conseiller juridique en valeurs mobilières aux États-Unis pour Brag House et par Dickinson Wright LLP en tant que conseiller des souscripteurs.
Brag House Holdings (Nasdaq: TBH) gab die vollständige Ausübung der Überzeichnungsoption der Underwriter für ihr öffentliches Angebot bekannt, wobei die Underwriter zusätzliche 221.250 Aktien zu $4,00 pro Aktie kauften. Die gesamten Bruttoeinnahmen aus dem IPO, einschließlich der Überzeichnung, beliefen sich auf $6,7 Millionen, bevor die Underwriting-Rabatte und -Kosten abgezogen wurden.
Der Handel mit den Aktien begann am Nasdaq Capital Market am 6. März 2025 unter dem Tickersymbol 'TBH'. Kingswood Capital Partners fungiert als Sole Bookrunning Manager, während WestPark Capital als Underwriter tätig ist. Das Angebot wird von Lucosky Brookman LLP als US-Wertpapierberater für Brag House und von Dickinson Wright LLP als Berater der Underwriter unterstützt.
- Successfully completed IPO with full exercise of over-allotment option
- Raised $6.7 million in gross proceeds
- Achieved Nasdaq Capital Market listing
- IPO proceeds subject to reduction from underwriting discounts and expenses
- Additional shares from over-allotment may lead to dilution of existing shareholders
NEW YORK, March 11, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (Nasdaq: TBH) ("Brag House" or the "Company") today announced that the underwriter of its initial public offering (the "Offering") have exercised in full their option to purchase an additional 221,250 shares of common stock at a public offering price of
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, at126 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
What is the total amount raised in Brag House Holdings' (TBH) IPO including over-allotment?
How many additional shares were sold through TBH's over-allotment option?
What was the IPO price per share for Brag House Holdings (TBH)?
When did Brag House Holdings (TBH) begin trading on the Nasdaq?
