The company will conduct a reverse merger with its shareholder Nevada Iron to float on the Australian Stock Exchange.
Singapore-based social sports betting platform SportsHero is set to float on the Australian Stock Exchange (ASX) through a reverse merger with its backer, mineral extraction company Nevada Iron, Tech in Asia wrote yesterday.
A total of 60 million shares of common stock will be issued, priced at $0.04 each, to raise $2.2m in proceeds.
SportsHero enables users to compete against each other by predicting the results of sports games. The company, which claims to have 80,000 users, currently focuses on…
