Brag House Secures $15 Million Funding for Expansion

Author: Logan Wright Updated: 07-24-2025 07:15 PM

Brag House Secures $15 Million in Funding

Brag House Holdings, Inc. (NASDAQ: TBH), a pioneering platform focusing on Gen Z engagement through gaming and college sports, recently announced it has successfully entered a securities purchase agreement with a group of twelve accredited investors. This strategic move is set to culminate in a private investment in public equity (PIPE) funding, bringing in approximately $15 million to the company.

Utilization of Proceeds for Corporate Growth

The proceeds from this funding are earmarked for general corporate purposes, which includes essential working capital needed for their strategic initiatives. This infusion of capital is aimed at bolstering their operations and expanding their reach within the gaming and digital media sectors.

Details of the Securities Purchase Agreement

Under the terms of the agreement, Brag House will be issuing a total of 15,000 shares of its Series B Convertible Preferred Stock, convertible into 15,923,567 shares of common stock. The specified conversion price is set at $0.942 per share. Each unit is priced at $1,000, which includes one share of Series B Convertible Preferred Stock and corresponding warrants that allow the purchase of common stock shares. The warrants will have an exercise price of $0.817 per share and will become exercisable immediately upon issuance, expiring five years from that date.

Placement Agent for the Funding

The successful placement of this funding round has been facilitated by Revere Securities LLC, acting as the sole placement agent for the PIPE financing.

Compliance with Securities Regulations

It's important to note that the securities being offered in this private placement have not been registered under the Securities Act of 1933 or any state securities laws, and thus are restricted from being sold to the general public unless a registration statement is filed with the SEC or an exemption applies. These securities are being presented solely to accredited investors.

About Brag House Holdings, Inc.

Brag House is at the forefront of media technology, reshaping how casual college gaming is played and experienced. With a vision to transform gaming into a community-centric platform, they blend social interaction and collegiate culture, allowing brands to connect authentically with Gen Z through gamified experiences and data insights.

Investor Relations and Media Contact

For more inquiries regarding this funding announcement, interested parties can contact:
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com

Frequently Asked Questions

What is the purpose of the $15 million funding?

The funding is aimed at general corporate purposes and enhancing working capital for Brag House.

Who facilitated the PIPE financing?

Revere Securities LLC acted as the sole placement agent for the PIPE financing.

What type of securities are being issued?

Brag House is issuing Series B Convertible Preferred Stock and corresponding warrants for common stock purchase.

How will this funding benefit Brag House?

This funding will support Brag House's growth and operational expansion into gaming and college sports sectors.

Can the securities be sold to the public?

The securities are not registered and cannot be sold to the public unless certain conditions are met.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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