Real Luck Group Ltd. and its subsidiary companies doing business as “Luckbox” (the “Group”), an award-winning provider of legal, real money esports betting, is pleased to announce that its common shares (including those traded on the OTCQB) are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. DTC eligibility is expected to create a seamless process of trading and enhance liquidity of the Company’s common shares in the United States over time.
“The ability to have Real Luck Group shares electronically cleared and settled in the U.S. is more convenient and reduces the costs incurred in trading shares,” said Real Luck Group Chief Financial Officer Ran Kaspi. “With our shares traded electronically, existing investors benefit from greater liquidity over time and execution speeds, while new investors are far less restricted from investing in our stock.”
“Our recent C$17.8 million oversubscribed financing has solidified our balance sheet, giving us ample room to execute on our business plan to attract esports bettors to our Luckbox application,” said Real Luck Group Chief Customer Officer Thomas Rosander. “The Covid pandemic increased the size of esports audiences, and with that esports betting. The traditional sports betting demographic is shrinking whereas our market has grown up watching video games and is expected to grow in the future. Today’s announcement makes it easier for a larger group of investors to participate in our growth.”