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Stock Alert: Inspired Entertainment Up 13% After Pricing Public Offering

Shares of gaming technology company Inspired Entertainment, Inc. (INSE) are rising more than 13% Wednesday morning.

The company today announced the pricing of an underwritten public offering of 5,406,633 common shares by The Landgame Trust, at $9.25 per share.

Inspired Entertainment will not receive any proceeds from the offering by the Selling Stockholder.

The offer is expected to close on June 1, 2021.

INSE, currently at $10.77, has traded in the range of $2.38- $11.57 in the past one year.

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