representatives commented on the new funding and the company’s ambition for the future. ’s Leadership Thanked Its Investors for Their Trust As a part of the acquisition Nook will be rebranded as. The Nook acquisition is expected to be finalized by the end of Q1 2024, added. has revisited the terms of its purchased deal and completed the payment of the remainder of the deposit. described Nook as a “ pioneering force in the sports, fitness and wellness industry” that offers multiple services, such as business setup support, insurance, VAT registration, and networking opportunities for sports entrepreneurs. In addition to that, the money will allow to proceed with the acquisition of Nook Holdings Limited. The money will serve as working capital and allow to restart its core operations, including the Nexus Gaming Platform, WinTogether and the LotteryLink affiliate program.

The company added that this investment comes in addition to the ongoing funding it receives from United Capital Investments Limited. This resulted in an initial investment of a million dollars.Īccording to the official announcement, the funding was provided to in the form of convertible promissory notes and common stock purchase warrants. Under this deal, the latter firm introduced to new investors. reported that its financial position was bolstered thanks to a placement agent agreement with Univest Securities, a boutique full-service investment bank.