Here’s why the Betmakers (ASX:BET) share price is on watch today

The Betmakers Technology Group Ltd (ASX: BET) share price will be on watch this morning, following an update on the launch of the company’s share purchase plan (SPP).

Yesterday, the BetMakers share price finished the day at 70 cents per share.

Share purchase plan in detail

The Betmakers share price could be on the move today, after the company provided further details of its non-underwritten $10 million SPP. This comes after the company previously announced a $50 million placement to institutional and sophisticated investors to acquire UK-based Sportech PLC.

According to the announcement, the company is offering eligible shareholders the option to subscribe for up to $30,000 worth of new shares. The record date for eligibility…