Monaker Group Announces Closing of $9.3 Million

Sunrise, FL, May 18, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Monaker Group, Inc. (NASDAQ: MKGI) (the “Company”), a technology solutions company focused on building a digital business ecosystem that caters to and ties together digital advertisers, consumers, video gamers and travelers, today announced the closing of an underwritten public offering of 3,714,500 shares of its common stock at a public offering price of $2.50 per share, which included the full exercise of the underwriters’ over-allotment option, for gross proceeds to the Company of approximately $9.3 million, before deducting the underwriting discount and other offering expenses payable by the Company. The offering closed on May 18, 2021.

Kingswood Capital Markets, division of Benchmark Investments, Inc., acted as the sole book-running manager for the offering.

The Company intends to use the net…