Benzinga | May 26, 2021 08:31AM EDT

Inspired Entertainment Prices Secondary Equity Offering By Stakeholder Landgame Trust at 2.1% Discount

* Inspired Entertainment Inc's (NASDAQ: INSE) selling shareholder, the Landgame Trust, sold 5.4 million shares at $9.25 per share in a secondary public equity offering.

* The offer price signifies a 2.1% discount to Inspired's Tuesday closing price of $9.45.

* Inspired will not receive any proceeds from the shares of common stock.

* The underwriters have an option to procure additional shares up to 0.81 million.

* Price action: INSE shares traded higher by 6.35% at $10.05 in the premarket session on the last check Wednesday.