EBET Initiates Review of Strategic Alternatives
EBET Inc. has announced that its Board of Directors has decided to initiate a process to explore strategic alternatives for the Company to maximize the value of EBET’s portfolio. As part of the process, the Board has designated a Strategic Alternatives Committee that will assist the Board in considering a full range of strategic alternatives including a potential merger, sale, or other strategic transactions.
The Company has retained Houlihan Lokey as its exclusive financial advisor to assist with the strategic review process.
Aaron Speach, EBET’s Chief Executive Officer, said: “After a detailed evaluation we have determined to launch a formal review of our strategic options to determine which alternative or alternatives are the best path to maximize value. The EBET team remains fully committed to meeting the needs of our customers in continuing to provide them with an exceptional gaming experience.”
There can be no assurance that the strategic review process will result in any strategic alternative, or any assurance as to its outcome or timing. The Company has not set a timetable for completion of the process and does not intend to disclose developments related to the process unless and until the Company executes a definitive agreement with respect thereto, or the Board otherwise determines that further disclosure is appropriate or required.
