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Overview

B2B gaming software company, Breaking Data Corp. Completes $13.8 Million Private Placement of Subscription Receipts

November 29, 2018

Breaking Data Corp. (TSXV:BKD) completed a private placement of subscription receipts for approximately $13.8 million. The offering was completed in connection with BKD’s proposed business combination with Oryx Gaming International LLC. 

BKD, which will change its name to Bragg Gaming Group following the business combination, will focus on B2B gaming software and services. Its market-leading media site has over 26 million Facebook fans and is the number one Facebook Sports Publisher. Oryx Gaming is a gaming and turnkey solutions provider based in the United States and Malta with a subsidiary in Slovenia. Oryx offers a proprietary i-gaming platform and a diverse portfolio of proprietary and 3rd party Sportsbook, Lottery and Casino products with over 5,000 content titles included.

Eight Capital acted as lead agent and sole bookrunner with a syndicate that included Canaccord Genuity Corp. and Haywood Securities Inc. Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team comprised of Perry Dellelce, Michael Rennie, Ragu Anantharajah, Patricia Good and Melissa Smith (corporate/securities).