Sheppard Mullin Represents GAN Limited In Upsized Follow-On Public Offering
Sheppard, Mullin, Richter & Hampton LLP represented GAN Limited, a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, in an upsized follow-on public offering that will result in gross proceeds to GAN of approximately $105.3 million prior to underwriting discounts, commissions and other offering expenses.
In May 2020, the firm represented GAN in its $62 million initial public offering in the U.S. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.
The Sheppard Mullin team included partners Jamie Mercer and Rob Wernli and associates Justin Anslow and Seth Lemings.
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