Online betting software designer NYX Gaming has announced that they have raised $10.5 million in capital from a private investor, who has chosen to remain anonymous.
The investor purchased 2,863,636 share warrants from NYX, which have a price of $3.50. The share price will gain interest at a rate of 10% annually, and will mature in January 2020. The investor has the option to convert the shares into traditional shares at $2.75 each.
NYX claims it will be using the money to settle money lent to the company by another investor last year.