• Boustead Securities

Esports Technologies, Inc. Completes First Day of Trading on the Nasdaq Capital Market


Boustead Securities, LLC (“Boustead”) client Esports Technologies, Inc. (the “Company”), a global provider of advanced electronic sports (or esports) wagering products and technology, announced that its common stock commenced trading on the Nasdaq Capital Market yesterday under the ticker symbol “EBET.” The shares opened at $21.00 and closed at $36.42. On April 14, 2021, the Company priced its initial public offering (the “Offering”) of 2,400,000 common shares at a public offering price of $6.00 per share. The gross proceeds to the Company from the Offering were $14,400,000, before deducting underwriting discounts, commissions and other expenses. Boustead Securities, LLC acted as the sole underwriter for the firm commitment Offering. Schiff Hardin LLP acted as counsel to the Company, and Michelman & Robinson LLP acted as counsel to the underwriter. The Offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, on the SEC’s website at www.sec.gov. Copies of the final prospectus, when available, may be obtained from: Boustead Securities, LLC, by email at offerings@boustead1828.com or telephone +1 (949) 502-4408 or standard mail to Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. This does not mean that the SEC has approved, passed upon the merits, or passed upon the accuracy or completeness of the information. A registration statement relating to these securities was filed with the Securities and Exchange Commission and was declared effective on April 14, 2021. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.


About Esports Technologies, Inc. Esports Technologies, Inc. is a technology company developing and operating platforms focused on esports and competitive gaming. We operate a licensed online gambling platform, gogawi.com, which is an esports/sportsbook focused on bettors located in Asia and Latin America. We offer real money betting on esports events from around the world in a secure environment. We accept wagers on major esports titles including: Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory and FIFA; as well as professional sports including the National Football League, National Basketball Association, Major League Baseball, soccer and more.

About Boustead Securities, LLC Boustead Securities, LLC (“Boustead”) 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, please visit www.boustead1828.com Form CRS/Reg BI Disclaimer: Boustead Securities, LLC, Sutter Securities Inc., and Sutter Securities Clearing,LLC (SSC) are registered with the Securities and Exchange Commission (SEC) as broker-dealers and are members of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates a conflict with your interests. Please strive to understand and ask us about these conflicts because they can affect the recommendations we provide you. There are many risks involved with investing. For Boustead Securities customers and clients, please see our Regulation Best Interest Relationship Guide on the Form CRS Reg BI page on our website at https://www.boustead1828.com/form-crs-reg-bi. For Sutter Securities’ and Sutter Securities Clearing’s customers and clients, please see the Form CRS on the website at https://suttersecurities.com/wp-content/uploads/2020/12/Sutter-Form-CRS-combined-121020.pdf. For FlashFunders’ visitors, you may review the Form CRS of Boustead Securities, Sutter Securities and Sutter Securities Clearing under the Form CRS section. Please also carefully review and verify the accuracy of the information you provide us on account applications, subscription documents and others. Cautionary Statement Concerning Forward-Looking Statements Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Esports Technologies, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: KCD PR, Inc. Kevin Dinino, President Tel: + 1 619 955 7759 Email: kevin@kcdpr.com For Company Inquiries, please contact: Esports Technologies, Inc. James Purcell, CFO Email: jpurcell@esportstechnologies.com For Underwriter Inquiries Please Contact: Boustead Securities, LLC Daniel J. McClory, Head of Equity Capital Markets Tel: +1 949 502 4408 Email: dan@boustead1828.com

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