Bragg agrees to acquire Drayton International for 4.5 million shares
Bragg Gaming Group said it signed an agreement to acquire all of Drayton International’s equity for 4.5 million newly issued Bragg shares priced at US$2 each. The proposed deal remains subject to regulatory approvals and other closing conditions, with completion expected in Q3 if approvals are secured. Bragg also named Matt Davey non-executive chair, replacing Holly Gagnon, who will remain an independent director.
The Drayton acquisition depends on regulatory approvals and other closing conditions, so investors cannot treat the transaction as completed.