Walkers Acts on GAN Limited's Capital Raise

Walkers (Bermuda) Limited, having previously acted on GAN Limited's ("GAN") (NASDAQ: GAN) initial public offering in May 2020, is pleased to have once again performed as Bermuda counsel to GAN's subsequent capital raise share offering at US$15.50 per share.

The purpose of the capital raise was to pay a portion of the purchase price of the acquisition of Vincent Group plc, a public limited company doing business as 'Coolbet'.

GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbet is a gaming site and sportsbook software platform based in Europe with international operations and has 170 employees.

Walkers was led by Bermuda Finance & Corporate partners Jonathan Betts and Natalie Neto with senior associate Rachel Nightingale completing the team. Walkers was instructed by US law firm Sheppard, Mullin, Richter & Hampton LLP.