BlueBet Holdings' response to ASX price query

BlueBet Holdings Ltd (ASX: $BBT) has responded to ASX's price query letter dated 10 April 2024. The company confirmed its awareness of unannounced information concerning its proposed acquisition of NTD Pty Ltd's wagering business and the associated equity capital raising. The recent trading in its securities was attributed to this unannounced information.

Executive Commentary on ASX Price Query Response

BlueBet Holdings Ltd responded to ASX's price query letter, acknowledging its awareness of unannounced information related to the proposed acquisition of NTD Pty Ltd's wagering business and the associated equity capital raising. The company promptly contacted ASX to request a trading halt upon realizing the loss of confidentiality in the information. The response has been authorized and approved by William Richmond, Managing Director and Chief Executive Officer.

Summary of ASX Price Query Response

BlueBet Holdings Ltd (ASX: $BBT) has responded to ASX's price query, confirming its awareness of unannounced information related to the proposed acquisition of NTD Pty Ltd's wagering business and the associated equity capital raising. The company promptly took action by requesting a trading halt upon realizing the loss of confidentiality in the information. BlueBet Holdings Ltd affirmed its compliance with the Listing Rules and the authorization of the response by the Managing Director and Chief Executive Officer, William Richmond. The company's announcement titled 'BlueBet announces transformational merger with betr; launches $20.0 million Equity Raising' is expected to provide further details regarding the proposed transaction.