Monday, June 16, 2025
THE ESPORTS ADVOCATE
No Result
View All Result
  • Money
  • People
  • Brands
  • Events & Tournaments
  • Entertainment
THE ESPORTS ADVOCATE

Guild Esports Raises Nearly $800K Through a Public Placement

Company will use the proceeds to build out a professional sim racing team.

James FudgebyJames Fudge
June 20, 2023
in Money
Reading Time: 2 mins read
Guild Esports Capital Raise

Credit: Guild Esports

London-based, publicly-traded esports company Guild Esports PLC (LSE: GILD; OTCQB: GULDF) has raised £622.2K ($792.6K USD) through a share placement of 103,700,000 new ordinary shares at a price of £0.006 (0.0076 USD) per share.

 The company said that directors and executive management subscribed for an aggregate total of “16,666,666 new ordinary shares at the placing price of £0.006 per share representing a total contribution of £100,000,” with Guild CEO Jasmine Skee, Non-Executive Chairman Derek Lew, and the Non-Executive Directors Brian Stockbridge and Jocelin Caldwell participating.

In addition,  Guild Director of Operations Matthew Charles, VP of Commercial – Esports and Gaming Luke Jones, and Senior VP of Creative and Strategy Nick Westwood made a total contribution of £24,000 via subscriptions for 4M new ordinary shares at the placing price of £0.006 per share. Tennyson Securities served as the sole bookrunner for this placement, the company said.

Guild said in a filing Tuesday that these net proceeds will be used for “general working capital purposes to drive the Company’s strong growth and execute its existing strategy,” as well as investment into building the Guild Racing team roster to compete in professional sim racing. 

This news follows the company’s announcement on June 12 that it had signed a partnership agreement with sim racing hardware maker Fanatec to provide equipment to a new sim racing lab at its London headquarters.

 

Tags: FanatecGuild EsportsLondonLondon Stock ExchangeMoneyPublic PlacementSim racingStocksUK
TweetShareShareShareShareShareSend
Previous Post

Mastercard Extends Riot Games Relationship to Valorant Champions Tour

Next Post

GGTech Entertainment Secures $12.4M USD Investment

James Fudge

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.

The Esports Advocate

The Esports Advocate, your premier destination for in-depth and authoritative coverage of the esports business and finance landscape created to empower esports stakeholders with the knowledge and information needed to do business in the world of esports successfully.

Follow Us

  • About TEA
  • Terms of Service
  • Privacy Statement
  • Subscribe to our Newsletter
  • Our Mission Statement
  • Contact Us

© 2023 - 2024 The Esports Advocate. All rights reserved.

No Result
View All Result
  • Home
  • Money
  • People
  • Brands
  • Entertainment
  • About TEA

© 2023 - 2024 The Esports Advocate. All rights reserved.