LAS VEGAS, June 29, 2021 /PRNewswire/ – Esports Technologies, Inc. (NASDAQ: EBET), a leading global provider of advanced esports wagering products and technology, has been added to the broad-market Russell 3000 Index and the Russell Microcap Index, effective June 28, 2021.
The 33rd Annual Russell Reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings, and style attributes.
Aaron Speach, CEO of Esports Technologies, said, “We have been very pleased with the interest Esports Technologies has received from the investor community since our listing on the Nasdaq in April. Being included in the Russell U.S. indexes is yet another validation of our efforts to build shareholder value as we forge ahead changing the face of esports wagering through innovation and world-class analytics powered by our proprietary technology.”
Russell Indexes are part of FTSE Russell, a leading global index provider. They are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked to, or invested in, products based on the Russell U.S. Indexes.
More information on the Russell indexes and their annual reconstitution is available on the FTSE Russell website.
About Esports Technologies
Esports Technologies is developing groundbreaking and engaging wagering products for esports fans and bettors around the world. Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions. The company operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports from around the world in a secure environment. The company is developing esports predictive gaming technologies that allow distribution to both customers and business partners.
CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements involve risks and uncertainties. These statements relate to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed in the Company’s filings with the Securities and Exchange Commission, including as set forth in the “Risk Factors” section of the Company’s final prospectus, which was filed with the Securities and Exchange Commission on April 16, 2021, as updated by the Company’s subsequent Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.