Boustead Client Esports Technologies (Nasdaq: EBET) Joins Russell 3000 and Russell Microcap Indexes
Las Vegas, NV & Irvine, CA - July 7, 2021 - Boustead Securities, LLC (“Boustead”) IPO client Esports Technologies (NASDAQ: EBET), a leading global provider of advanced esports wagering products and technology, has been added to the broad-market Russell 3000 Index and the Russell Microcap Index, effective after the U.S. markets opened on June 28, 2021. Membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, also means Esports Technologies is expected to be automatically included in the large-cap Russell 1000 Index.
The 33rd Annual Russell Reconstitution captured the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. FTSE Russell determines membership for its Russell U.S. indexes primarily by objective, market-capitalization rankings, and style attributes.
Aaron Speach, CEO of Esports Technologies, said, “We’re very pleased with the interest Esports Technologies has received from the investor community since our listing on the Nasdaq a few months ago. Being included in the Russell U.S. Indexes validates our efforts of building shareholder value as we change the face of esports wagering through innovation and our world-class analytics calculated via our proprietary technology.”
Russell Indexes are part of FTSE Russell, a leading global index provider. They are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked to, or invested in, products based on the Russell U.S. Indexes.
More information on the Russell indexes and their annual reconstitution is available on the FTSE Russell website.
About Esports Technologies
Esports Technologies is developing groundbreaking and engaging wagering products for esports fans and bettors around the world. Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions. The company operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports from around the world in a secure environment. The company is developing esports predictive gaming technologies that allow distribution to both customers and business partners.
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com
Contact: Dan McClory, Head of Equity Capital Markets
Boustead Securities, LLC
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