LiveOne doubles bitcoin holdings to over $4 million
NEW YORK - Brag House Holdings, Inc. (NASDAQ:TBH) announced Wednesday the appointment of Scott D. Woller as an independent director to its Board, following the resignation of Daniel Fidrya, effective immediately. The company, currently valued at $13.3 million, has seen its stock decline over 72% in the past year, according to InvestingPro data.
The company’s Board maintains its five-member structure with three independent directors in compliance with Nasdaq Rule 5605(a)(2). Woller will serve as Chair of the Audit Committee and join the Nominations and Corporate Governance Committee. InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt and a current ratio of 1.38, indicating strong short-term liquidity.
Woller currently works as Senior Counsel at Wachtel Missry LLP, where he advises companies on securities regulation, corporate governance, and corporate transactions. He brings nearly 20 years of experience working with boards, management teams, and investors across multiple industries.
"His extensive legal expertise and deep background in securities regulation and governance will be invaluable as Brag House continues to execute on its growth strategy," said Lavell Juan Malloy, Chief Executive Officer, in a press release statement.
Brag House Holdings operates as a Gen Z engagement platform focused on gaming, college sports, and digital media. The company describes itself as a media technology gaming platform that transforms casual college gaming into a community-driven experience.
In other recent news, Brag House Holdings, Inc. announced it has successfully closed a private investment in public equity (PIPE) financing, raising approximately $15 million. This financing involved the sale of 15,000 shares of Series B Convertible Preferred Stock, convertible into common stock, and included warrants for additional shares. Additionally, the company has regained compliance with Nasdaq’s minimum bid price requirement, having maintained a closing bid price of at least $1.00 for 10 consecutive business days. Brag House Holdings also revealed plans to launch a digital asset platform for NCAA athletes, which will allow student-athletes to monetize personalized digital assets. The platform aims to generate revenue through transaction fees and royalties. Furthermore, the company granted stock options to executives and directors under its 2024 Omnibus Incentive Plan. These developments highlight Brag House’s ongoing initiatives in financing and digital engagement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.