Business
Brag House Discloses Valuation Report of ~$1.09 Billion on Proposed Merger with House of Doge
NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the next generation engagement platform
About this update from Brag House Holdings, Inc.
[{"type":"text","content":"NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the next generation engagement platform operating at the intersection of gaming, college sports, and digital media, this week announced the filing of a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission (“SEC”) in connection with its proposed merger with House of Doge (“HOD”), the official commercial arm of the Dogecoin Foundation. Concurrent with the filing, the Company published a fairness opinion conducted by Newbridge Securities Corporation (the “Fairness Opinion”), which evaluated the proposed merger and valued the transaction at approximately $1.09 billion. The Fairness Opinion contemplated a sum-of-the-parts analysis that included comparable public companies within the payment processing, marketing and licensing, and alternative asset management sectors. This analysis informed the equity issuance component of the proposed transaction, in which Brag House will issue an aggregate of approximately 663 million shares of its common stock, including shares of its common stock issuable upon conversion of Class C preferred stock at an implied value per share of $1.6434 or a total of approximately $1.09 billion. “The merger with House of Doge is a natural evolution for Brag House as we look to build a comprehensive platform across asset management, treasury solutions, and payment infrastructure for the next generation,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “Our inherently digital-first audience will continue to benefit from the payment rail as we address persistent inefficiencies in global commerce by giving merchants a viable alternative and enable real-world asset tokenization. The Fairness Opinion analysis highlights the scale of this opportunity and the shareholder value created by combining Brag House’s reach with this differentiated model.” Upon the closing of the merger, the stockholders of TBH are anticipated to collectively own approximately 7.2% of the outstanding common shares of TBH, and HOD’s equity securityholders are anticipated to collectively own approximately 92.8% of the outstanding common shares of TBH. The Form S-4The filing includes detailed information regarding the business combination, the Fairness Opinion, and other disclosures requi...