B. Riley Securities, a middle market investment bank, served as exclusive financial advisor to the special committee and board of directors of GAN Limited in its successful merger with an affiliate of SEGA SAMMY.
SEGA SAMMY, through its affiliated entity SEGA SAMMY CREATION (SSC), acquired all of the outstanding securities of GAN for $1.97 per share in cash, which represents a premium of over 121% to GAN’s closing stock price on Nov. 7, 2023 (the trading day prior to the announcement that GAN entered into a merger agreement with SSC).
B. Riley Securities has served as a long-standing investment banking partner to GAN, having led its U.S. initial public offering as well as several subsequent capital raising transactions.
