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Other

Jackpot Digital insider Berman exercises warrants

By The Northwire Desk — AI Analysis Nov 06, 2025 · 18:02 JJ · 0.115 Jackpot Digital Inc
JJ · Price

Executive Summary

  • Jackpot Digital Inc. reports significant insider activity, specifically the exercise of trading warrants by Lyle Berman, an insider and co-founder of Grand Casinos Inc.
  • Over the last 60 days, a total of 11,167,843 warrants were exercised at a price of 10 cents per share.
  • Lyle Berman filed an early warning report indicating his aggregate holdings now represent approximately 16.74% of the company's outstanding common shares, up from 13.03% prior to recent transactions.

Key Details

  • Warrant Exercise Activity:
    • Total warrants exercised in the last 60 days: 11,167,843.
    • Exercise price: 10 cents per share.
    • Warrant symbol: "JJ.WT.C" on the TSX Venture Exchange.
    • Expiration date of warrants: Nov. 20, 2025.
  • Lyle Berman Transactions:
    • Berman exercised 4,196,100 trading warrants this week.
    • Acquisitions occurred on Aug. 1, 2025, and Nov. 3, 2025, via conversion of convertible debentures and exercise of warrants.
  • Pre-Transaction Holdings (Immediately prior to effective date):
    • Common shares: 33,452,728.
    • Warrants: 42,622,728 (entitling holder to acquire 42,622,728 common shares at 10 cents/share).
    • Ownership percentage: ~13.03% of outstanding common shares (undiluted) and ~13.79% of outstanding warrants (undiluted).
  • Post-Transaction Holdings (Current):
    • Common shares: 46,818,828.
    • Warrants: 38,426,628.
    • Convertible debentures: Principal amount of $696,750 (entitling holder to acquire 9,290,000 common shares at 7.5 cents/share).
    • Notes: $2,000,001.
    • Aggregate ownership percentage: ~16.74% of outstanding common shares and ~12.48% of outstanding warrants.
  • Company Operations Update:
    • Rollout of flagship product "Jackpot Blitz" (dealerless electronic table games/ETGs) continues across the United States.
    • Recent installations occurred in casinos in California, Louisiana, New York, and Wisconsin within the past month.
  • Regulatory Filing:
    • Early warning report filed pursuant to National Instrument 62-103.
    • Contact for SEDAR+ profile: Matthew Schofield ([email protected]).

Notable Quotes

  • Lyle Berman: "Once Jackpot Digital is licensed in all major markets, their Jackpot Blitz electronic poker tables will become essential for all low-limit poker games in casinos and card rooms."
Read the original news release →

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