LOS ANGELES, June 30, 2025 - B. Riley Securities, Inc. ("BRS"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to the Special Committee and Board of Directors of GAN Limited (NASDAQ: GAN) in its successful merger with an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY").
SEGA SAMMY through its affiliated entity SEGA SAMMY CREATION INC. ("SSC") acquired all of the outstanding securities of GAN for $1.97 per share in cash, which represents a premium of over 121% to GAN's closing stock price on November 7, 2023 (the trading day prior to the announcement that GAN entered into a merger agreement with SSC).
With five locations across the globe, GAN is a leading North American B2B technology provider of real money internet gaming solutions and a leading international B2C operator of Internet sports betting.
B. Riley Securities has served as a long-standing investment banking partner to GAN, having led its U.S. initial public offering as well as several subsequent capital raising transactions. Read more about the transaction here.
For more information contact, press@brileysecurities.com.
About B. Riley Securities (BRS)
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities of its end-to-end financial services platform. For more information, visit www.brileysecurities.com.
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