Inspired Entertainment Prices Secondary Equity Offering By Stakeholder Landgame Trust at 2.1% Discount

Inspired Entertainment Inc’s INSE selling shareholder, the Landgame Trust, sold 5.4 million shares at $9.25 per share in a secondary public equity offering.
The offer price signifies a 2.1% discount to Inspired’s Tuesday closing price of $9.45.
Inspired will not receive any proceeds from the shares of common stock.
The underwriters have an option to procure additional shares up to 0.81 million.
Price action: INSE shares traded higher by 6.35% at $10.05 in the premarket session on the last check Wednesday.