December 5, 2022

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Elys Game Technology Announces Closing of $3.0 Million Registered Direct Offering

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NEW YORK, June 16, 2022–(Small business WIRE)–Elys Match Engineering, Corp. (“Elys” or the “Firm”) (Nasdaq: ELYS), an interactive gaming and sports activities betting engineering corporation, these days announced the closing of the earlier announced registered immediate featuring with a single institutional trader for the obtain and sale of 3,166,227 shares of the Company’s popular inventory (or typical stock equivalents) at a acquire price tag of $.9475 for each share of popular stock (or popular inventory equivalent) in a registered direct featuring.

In addition, in a concurrent private placement, the Company also agreed to situation to the trader warrants to buy up to 3,166,227 shares of common inventory. The warrants have an physical exercise cost of $.9475 for each share, are exercisable 6 months from the date of issuance, and have a term of five yrs from the first exercising day.

H.C. Wainwright & Co. is acted as the unique placement agent for the supplying.

The gross proceeds to the Enterprise from this providing had been roughly $3. million, ahead of deducting the placement agent’s costs and other providing costs payable by the Corporation. The Business intends to use the internet proceeds from this offering for performing funds and other normal company purposes.

The shares of popular inventory (or typical stock equivalents) explained over (but not the warrants issued in the concurrent private placement or the shares of prevalent inventory underlying this kind of warrants) have been issued by the Organization pursuant to a “shelf” registration statement on Sort S-3 (File No. 333-256815) beforehand filed with the Securities and Trade Fee (the “SEC”) and declared helpful by the SEC on June 14, 2021. The offering of the shares of popular stock (or typical inventory equivalents) was built only by usually means of a prospectus, which include a prospectus supplement, forming a component of the helpful registration statement. A ultimate prospectus health supplement and accompanying prospectus relating to the registered direct supplying were submitted with the SEC on June 15, 2022. Digital copies of the last prospectus complement and accompanying prospectus may be attained on the SEC’s web site at http://www.sec.gov or by making contact with H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Ground, New York, NY 10022, by cellphone at (212) 865-5711 or e-mail at [email protected]

The warrants explained over were provided in a personal placement underneath Area 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, along with the shares of popular stock fundamental the warrants, have not been registered below the Act, or relevant point out securities guidelines. Accordingly, the warrants and underlying shares of common stock may not be made available or sold in the United States other than pursuant to an successful registration statement or an applicable exemption from the registration demands of the Act and this kind of applicable state securities guidelines.

This push launch shall not represent an give to provide or a solicitation of an offer you to purchase these securities, nor shall there be any sale of these securities in any condition or other jurisdiction in which this kind of supply, solicitation or sale would be illegal prior to the registration or qualification less than the securities regulations of any such state or other jurisdiction.

About Elys Video game Technology, Corp.

Elys Activity Technological know-how, Corp., is a B2B worldwide gaming technology business running in many international locations around the world, with B2C on the web and land-primarily based gaming operations in Italy. Elys offers its shoppers a complete suite of leisure gaming goods and services, such as sports activities betting, e-sports, virtual sports activities, on the web on line casino, poker, bingo, interactive video games and slots in Italy and has operations in five states, including New Jersey and the District of Columbia in the U.S. sector. Elys’ vision is to turn into a global leader in the gaming business by the progress of revolutionary and impressive technological innovation.

The Company supplies wagering alternatives, products and services on line operators, casinos, retail betting institutions and franchise distribution networks. Further data is offered on our corporate web page at www.elysgame.com.

Traders may possibly also discover us on Twitter @ELYS_gaming.

Ahead-Searching Statements

This press release contains specific forward-hunting statements within just the that means of the safe and sound harbor provisions of the Personal Securities Litigation Reform Act of 1995. In some instances these statements are recognized by the use of the phrases “could,” “believe that,” “anticipate,” “intend,” “estimate,” “be expecting,” “may,” “proceed,” “forecast,” “prospective,” “job” and equivalent expressions. These ahead-searching statements are primarily based on management’s anticipations and assumptions as of the day of this press release and are issue to a quantity of risks and uncertainties, many of which are difficult to forecast that could induce real results to vary materially from current anticipations and assumptions from those set forth or implied by any ahead-wanting statements. Important things that could bring about actual final results to differ materially from latest anticipations include, amid other people, the intended use of proceeds from the giving and the hazard aspects explained in the Company’s Annual Report on Kind 10-K for the 12 months ended December 31, 2021 and its subsequent filings with the U.S. Securities and Trade Fee, such as subsequent periodic reviews on Form 10-Q and existing studies on Variety 8-K. The information in this launch is offered only as of the date of this release, and the Organization undertakes no obligation to update or revise publicly any ahead-searching statements, no matter if as a end result of new information, future occasions or if not, immediately after the day on which the statements are built or to replicate the prevalence of unanticipated occasions, besides as expected by regulation.

Perspective source version on businesswire.com: https://www.businesswire.com/news/residence/20220615006079/en/

Contacts

Elys Game Technological know-how, Corp.
Michele Ciavarella, Executive Chairman
Tel.: 1-628-258-5148
E mail: [email protected]

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