• BlueBet to acquire key assets of TopSport
• Equity raising to fund the acquisition and support growth
• Acquisition expected to deliver significant strategic and financial benefits

BlueBet Holdings Ltd (ASX: BBT) has announced that it has entered into an asset sale agreement to acquire certain key assets of Merlehan Bookmaking Pty Ltd (TopSport). To fund the acquisition and support growth, BlueBet is also undertaking an institutional placement of new fully paid ordinary shares. The Proposed Transaction is conditional on the satisfaction (or, where applicable, waiver) of certain conditions precedent. If such conditions precedent are not satisfied within the required timeframe (or, if applicable, waived), the Proposed Transaction will not proceed. The acquisition of TopSport is expected to deliver significant strategic and financial benefits for BlueBet, including increased scale, expanded product offering, and operational synergies. However, there are also risks associated with the transaction, including the potential for issues identified during due diligence to have a material adverse impact on BlueBet's financial condition or performance. BlueBet has undertaken a due diligence process in respect of the Proposed Transaction, but there is no guarantee that all potential issues have been identified. The success of the Proposed Transaction is subject to uncertainties and contingencies, some of which are beyond BlueBet's control.

BlueBet has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance in the announcement.