{"id":259,"date":"2024-06-27T07:50:21","date_gmt":"2024-06-27T04:50:21","guid":{"rendered":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/"},"modified":"2024-06-27T07:50:21","modified_gmt":"2024-06-27T04:50:21","slug":"dgeg-secures-4-million-in-private-placement","status":"publish","type":"post","link":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/","title":{"rendered":"DGEG Secures $4 Million in Private Placement"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/jJG352iw6ss\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Digital Gaming Entertainment Group (DGEG) has inked a securities acquisition agreement that will enable the firm to finalize a private placement of unsecured Series D convertible preferred stock with institutional investors.<\/p>\n<p>DGEG anticipates netting $4 million (\u00a33.2 million\/\u20ac3.6 million) from the deal, after subtracting estimated underwriting charges.<\/p>\n<p>The accord also grants DGEG the chance to raise extra capital, as investors will be able to secure warrants to purchase ordinary stock and supplemental Series D convertible preferred stock.<\/p>\n<p>The transaction is anticipated to conclude in the initial week of May, contingent upon customary closing stipulations.<\/p>\n<p>Previously, DGEG had reached an accord with Alto Opportunity Master Fund in April to exchange its debt for company stock. This transaction was finalized on April 28.<\/p>\n<p>Alex Eagleman, Chief Executive Officer of DGEG, stated: &#8220;We are thankful for the additional investment in the firm, which not only bolsters our cash position but also complements the previously announced transaction to convert the company&#8217;s $15 million senior convertible notes into unsecured Series C convertible preferred stock.&#8221; &#8220;As a consequence of these transactions, we anticipate significantly strengthening our financial statement.&#8221;<\/p>\n<p>Eagleman added that DGEG is now seeking to expand its reach in its target markets, including electronic sports. <\/p>\n<p>Furthermore, we have slashed over $4 million in yearly operational expenditures and anticipate decreasing over $42 million in debt and other obligations by the year&#8217;s end. Consequently, we are now setting the stage for the company to implement our new, intensely focused and capital-efficient business plan, aiming for the expanding e-gaming, esports and e-simulators markets.<\/p>\n<p>Igelman also disclosed EEG&#8217;s divestment strategies and plans to broaden its B2C offerings in April.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Digital Gaming Entertainment Group (DGEG) has inked a securities acquisition agreement that will enable the firm to finalize a private placement of unsecured Series D convertible preferred stock with institutional investors. DGEG anticipates netting $4 million (\u00a33.2 million\/\u20ac3.6 million) from the deal, after subtracting estimated underwriting charges. The accord also grants DGEG the chance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DGEG Secures $4 Million in Funding for Growth<\/title>\n<meta name=\"description\" content=\"Digital Gaming Entertainment Group (DGEG) raises $4 million through a private placement of Series D convertible preferred stock, fueling expansion plans.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"DGEG Secures $4 Million in Private Placement\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Digital Gaming Entertainment Group (DGEG) raises $4 million through a private placement of Series D convertible preferred stock, fueling expansion plans.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Explore the Best Licensed Casino Games &amp; News Online\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T04:50:21+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/\",\"name\":\"DGEG Secures $4 Million in Funding for Growth\",\"isPartOf\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T04:50:21+00:00\",\"dateModified\":\"2024-06-27T04:50:21+00:00\",\"author\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Digital Gaming Entertainment Group (DGEG) raises $4 million through a private placement of Series D convertible preferred stock, fueling expansion plans.\",\"breadcrumb\":{\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/2024\/06\/27\/dgeg-secures-4-million-in-private-placement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/7bitnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DGEG Secures $4 Million in Private Placement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/7bitnodepositbonus.icu\/#website\",\"url\":\"https:\/\/7bitnodepositbonus.icu\/\",\"name\":\"Explore the Best Licensed Casino Games &amp; News Online\",\"description\":\"Unleash your gambling potential with the help of our comprehensive casino news, detailed game reviews, and informative insights. 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