UPDATE–Brag House Announces $15 Million Private Placement
Brag House Holdings (NASDAQ: TBH), a Gen Z engagement platform focused on gaming, college sports, and digital media, has secured a $15 million PIPE financing through twelve accredited investors. The company is selling 15,000 shares of Series B Convertible Preferred Stock convertible into 15,923,567 common shares at $0.942 per share.
The deal includes warrants to acquire up to 15,923,567 shares at an exercise price of $0.817 per share, exercisable immediately and expiring in five years. Each unit, priced at $1,000, consists of one preferred share convertible into approximately 1,061 shares and an equal number of warrants. Revere Securities LLC served as the sole placement agent.
Brag House Holdings (NASDAQ: TBH), una piattaforma di engagement rivolta alla Generazione Z e focalizzata su gaming, sport universitari e media digitali, ha ottenuto un finanziamento PIPE di 15 milioni di dollari da dodici investitori accreditati. L'azienda sta vendendo 15.000 azioni di Preferred Stock Serie B convertibili in 15.923.567 azioni ordinarie al prezzo di 0,942 dollari per azione.
L'accordo prevede anche warrant per acquisire fino a 15.923.567 azioni a un prezzo di esercizio di 0,817 dollari per azione, esercitabili immediatamente e con scadenza a cinque anni. Ogni unità, al prezzo di 1.000 dollari, comprende un'azione preferenziale convertibile in circa 1.061 azioni ordinarie e un numero equivalente di warrant. Revere Securities LLC ha agito come unico agente di collocamento.
Brag House Holdings (NASDAQ: TBH), una plataforma de engagement dirigida a la Generación Z y enfocada en juegos, deportes universitarios y medios digitales, ha asegurado un financiamiento PIPE de 15 millones de dólares a través de doce inversores acreditados. La compañía está vendiendo 15,000 acciones de Preferentes Convertibles Serie B convertibles en 15,923,567 acciones ordinarias a $0.942 por acción.
El acuerdo incluye warrants para adquirir hasta 15,923,567 acciones a un precio de ejercicio de $0.817 por acción, ejercitables de inmediato y con vencimiento a cinco años. Cada unidad, con un precio de $1,000, consiste en una acción preferente convertible en aproximadamente 1,061 acciones ordinarias y un número igual de warrants. Revere Securities LLC actuó como agente colocador único.
Brag House Holdings (NASDAQ: TBH)는 Z세대를 대상으로 게임, 대학 스포츠 및 디지털 미디어에 집중하는 참여 플랫폼으로, 열두 명의 공인 투자자를 통해 1,500만 달러 규모의 PIPE 자금 조달을 확보했습니다. 회사는 시리즈 B 전환 우선주 15,000주를 주당 0.942달러에 보통주 15,923,567주로 전환 가능한 조건으로 판매하고 있습니다.
이번 거래에는 행사가격이 주당 0.817달러인 15,923,567주까지 취득할 수 있는 워런트가 포함되어 있으며, 즉시 행사 가능하고 5년 후 만료됩니다. 각 단위는 1,000달러이며, 약 1,061주의 보통주로 전환 가능한 우선주 1주와 동일한 수량의 워런트로 구성되어 있습니다. Revere Securities LLC가 단독 배정 대행사로 참여했습니다.
Brag House Holdings (NASDAQ: TBH), une plateforme d'engagement ciblant la génération Z et axée sur le gaming, les sports universitaires et les médias numériques, a obtenu un financement PIPE de 15 millions de dollars auprès de douze investisseurs accrédités. La société vend 15 000 actions privilégiées convertibles de série B, convertibles en 15 923 567 actions ordinaires au prix de 0,942 $ par action.
L'accord comprend des bons de souscription permettant d'acquérir jusqu'à 15 923 567 actions à un prix d'exercice de 0,817 $ par action, exerçables immédiatement et expirant dans cinq ans. Chaque unité, au prix de 1 000 $, comprend une action privilégiée convertible en environ 1 061 actions ordinaires ainsi qu'un nombre égal de bons de souscription. Revere Securities LLC a agi en tant qu'agent unique de placement.
Brag House Holdings (NASDAQ: TBH), eine Engagement-Plattform für die Generation Z mit Fokus auf Gaming, College-Sport und digitale Medien, hat eine PIPE-Finanzierung in Höhe von 15 Millionen US-Dollar von zwölf akkreditierten Investoren erhalten. Das Unternehmen verkauft 15.000 Aktien der Series B Wandelvorzugsaktien, die in 15.923.567 Stammaktien zu je 0,942 US-Dollar pro Aktie wandelbar sind.
Der Deal beinhaltet Warrants zum Erwerb von bis zu 15.923.567 Aktien zu einem Ausübungspreis von 0,817 US-Dollar pro Aktie, die sofort ausgeübt werden können und in fünf Jahren verfallen. Jede Einheit, zum Preis von 1.000 US-Dollar, besteht aus einer wandelbaren Vorzugsaktie, die etwa 1.061 Stammaktien entspricht, sowie einer gleichen Anzahl von Warrants. Revere Securities LLC fungierte als alleiniger Platzierungsagent.
- Secured significant $15 million in PIPE financing for working capital and corporate purposes
- Warrants are exercisable immediately, providing potential additional capital if exercised
- Potential significant dilution with conversion of preferred shares and warrants into 15.9M common shares
- Offering price represents a discount to market value with warrants priced at $0.817
Insights
Brag House secured $15M PIPE financing at a significant discount, indicating possible cash needs despite providing essential working capital.
Brag House Holdings has secured
The structure of this deal warrants attention. The company is issuing 15,000 shares of Series B Convertible Preferred Stock at
The pricing reveals concerning dynamics. The conversion price represents a likely discount to current market price, which is typical for PIPE transactions but dilutes existing shareholders. The warrant exercise price at
The company's stated use of proceeds for "general corporate purposes, including working capital" lacks specificity and suggests possible cash flow challenges rather than strategic investments. This financing provides essential operational runway but at the cost of significant potential dilution if all shares and warrants are ultimately converted/exercised.
NEW YORK, July 24, 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 entered into a securities purchase agreement with twelve accredited investors (not one as previously reported) for a private investment in public equity (“PIPE”) financing that is expected to result in gross proceeds to the Company 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 is selling 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 Holdings, Inc.
Brag House is a leading media technology platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By merging gaming, social interaction, and collegiate culture, Brag House enables brands to authentically connect with the influential Gen Z demographic through gamified experiences, live-streaming content, and scalable data insights. For more information, 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.
Investor Relations Contact
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
Media Contact
Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com
FAQ
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