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High Roller closes direct offering of 1.9m shares

The operator received approximately $25m of net proceeds from offering shares of High Roller common stock, prior to deducting fees for the placement agent and offering expenses.

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High Roller closes direct offering of 1.9m shares
Key Points
High Roller plans to use the $25m proceeds to enhance sales & marketing efforts, geographic expansion, product development and diversification
The operator expects to launch a prediction markets product in the US during Q1 2026 following its partnership with Crypto.com and Derivatives North America

High Roller Technologies has concluded its registered direct public offering of nearly 1.9m shares of common stock, priced at $13.21 per share, with net proceeds expected to go toward sales & marketing efforts, geographic expansion, product development and diversification.

The operator received approximately $25m of net proceeds from offering shares of High Roller common stock, prior to deducting fees for the placement agent and offering expenses. Proceeds will also be used for working capital and general corporate purposes, according to High Roller. 

On January 14, High Roller entered into a binding letter of intent with Crypto.com and Derivatives North America (CDNA), forming an exclusive partnership to launch a prediction markets product in the US.

High Roller stated the new partnership with Crypto.com will allow its consumers to trade event contracts across markets such as finance, entertainment and sports through a “legal, engaging and user-friendly platform.”

The event contracts set to be offered on High Roller’s online platform will be offered by CDNA, which is registered under the Commodity Futures Trading Commission (CFTC) as an exchange and clearinghouse while serving as an affiliate of Crypto.com.

The entities are targeting a launch of the prediction markets product for Q1 2026, with Crypto.com serving as the exclusive provider of prediction contracts for High Roller distribution channels.

The operator will also collaborate with Lines.com to “accelerate” customer acquisition and brand awareness for the offering, with the Spike Up Media entity serving as a “key distribution and media partner” for High Roller.

The partnership will look to introduce High Roller’s prediction markets product to an audience which “already understands implied probability, odds-based decision-making and event-driven trading dynamics.”

Good to know

Saratoga Casinos made a $1m strategic investment into High Roller Technologies on January 9 through a private placement of the operator’s common stock at a purchase price of $2.80 per share

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