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VVV Sports Limited: Proposed Placing to raise...
VVV Sports Limited announced a proposed placing to raise approximately £5 million to fund its US expansion, working capital, and further investments, with plans for a dual listing on the NASDAQ Global Market. The company has also acquired 100% of TOPSERIES Pickleball, a European, Middle Eastern, and African circuit operator, which is not conditional on the placing. Proceeds will support the establishment of VVV USA, the launch of a sports betting platform, Bullpadel equipment distribution expansion, development of padel centres of excellence in New York and Abu Dhabi, and content production, including a docuseries with Amazon Prime. Disclaimer*
About this update from Vvv Sports Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nVVV Sports Limited (VVV)\n\n\n\n\n\n\nVVV Sports Limited: Proposed Placing to raise £5 million, Acquisition of TOPSERIES Pickleball and USA Expansion 26-May-2026 / 07:00 GMT/BST\n\n\nVVV Sports Limited (\"VVV\" or the \"Company\")\n\nProposed Placing to raise £5 million, Acquisition of TOPSERIES Pickleball and USA Expansion\n\nVVV Sports Limited, a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market (under the ticker VVV), is pleased to announce a proposed placing of new ordinary shares to raise gross proceeds of approximately £5 million (approximately $7 million) with the issue price expected to be at or around the current market price of the Company’s shares (the “Placing”). The proposed Placing is being facilitated by the Company’s Corporate Broker AlbR Capital Limited (“AlbR”). Details on the closing of the Placing, including the number of Placing Shares and warrants being issued, will be announced in due course.\n\nHIGHLIGHTS\n\nProposed placing to raise gross proceeds of approximately £5 million ($7 million)\n Proceeds to fund the Company's US expansion, working capital and further investment in its subsidiaries and new opportunities. The Company intends to seek a dual listing on the NASDAQ Global Market in the United States, whilst retaining its listing on the Aquis Stock Exchange Growth Market, following the completion of the Placing.\n The Company is additionally progressing plans for a US Padel Centre of Excellence in New York \n The Abu Dhabi Padel Centre of Excellence (ADPCE), which the Company is seeking to develop in partnership with Abu Dhabi Project and Infrastructure Company (ADPIC), is one of the most ambitious planned padel facilities in the world and forms a central part of Abu Dhabi's five-year national padel strategy. The project size is 55,000sqm and an investment of over £120m due to be delivered within 24 months. \n Deal timetable: Placing expected to close by the end of June 2026.\n VVV Sports has acquired 100 per cent ownership of TOPSERIES Pickleball, a leading pickleball circuit and tour infrastructure business operating across Europe, the Middle East and Africa. The acquisition is not conditional on completion of the proposed Placing.\nBACKGROUND TO THE PLACING\n\nVVV is a nex...