Shares of gaming technology company Inspired Entertainment, Inc. (INSE) are rising more than 13% Wednesday morning.
The company today announced the pricing of an underwritten public offering of 5,406,633 common shares by The Landgame Trust, at $9.25 per share.
Inspired Entertainment will not receive any proceeds from the offering by the Selling Stockholder.
The offer is expected to close on June 1, 2021.
INSE, currently at $10.77, has traded in the range of $2.38- $11.57 in the past one year.
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