Rights Issue in Gaming Corps 2024

The Swedish company Gaming Corps is a developer of digital games, focusing on traditional and non-traditional premium games for online casinos. To continue Gaming Corps' growth journey through increased investments in the company's organization and products and to achieve positive cash flow within the upcoming twelve-month period, the board has decided to carry out a rights issue of up to approximately 31,7 MSEK.

Founded in 2014 and listed on the stock exchange in 2015, Gaming Corps develops digital games with a focus on traditional and non-traditional premium games for online casinos. The company operates in several areas, including an established global distribution network with over 1 360 casinos. It develops Casino Slots, Table Games, Multiplier Games, Mine Games, Plinko Games and the Smash4Cash series. The company is headquartered in Sweden with development teams in the UK, Malta and Ukraine.

Gaming Corps' technology portfolio includes six unique game engines and the company develops slots and other casino games across multiple categories, including Casino Slots, Table Games, Multiplier Games, Mine Games and the unique Smash4Cash series. The company currently has about 50 games in its catalog, developed either exclusively or non-exclusively for operators. The Smash4Cash series is the latest addition, whose game mechanics have been praised by streamers and have met strong demand from the market.

During the summer, Gaming Corps expanded its operations by introducing the new business area Remote Game Server (RGS). RGS means that the company offers its technology and distribution network to other game studios, allowing them to use the platform to quickly and cost-effectively develop, launch and distribute their own games. Shortly after the launch of RGS, the company also entered into an agreement with a global iGaming Group for game development, initially valued at approximately 7,0 MSEK over a 12-month period. This marks the beginning of a new and potentially lucrative revenue stream and indicates strong market demand for the new business area.

To continue Gaming Corps' growth journey through increased investments in the company's organization and products and to achieve positive cash flow within the next twelve months, the board has decided to carry out a rights issue of up to approximately 31,7 MSEK. After issue costs of approximately 4,1 MSEK the net proceeds will amount to approximately 27,6 MSEK. This capital injection will be used to strengthen the company's capital structure and organization, as well as to ensure system security. It will also be used for expansion and increased investments in marketing and sales.

• Terms: Those registered as shareholders in the company's share register, maintained by Euroclear on the record date of October 2 2024, are entitled to subscribe for Units in proportion to the number of shares held on the record date.
• Each share held on the record date entitles the holder to one (1) unit right. Three (3) unit rights entitle the holder to subscribe for two (2) Units. Each Unit consists of one (1) share and one (1) warrant of series TO 2.
• Subscription period: October 4 2024 – October 18 2024
• Trading in unit rights: October 4 2024 – October 15 2024
• Capital raised before issue costs: approximately 31,7 MSEK
• Capital raised after issue costs and set-offs: approximately 27,6 MSEK. Subscription commitments and guarantees covering approximately 26,6% of the rights issue have been received, including from management and the board.
• Number of shares before the issue: 73 114 681
• Number of shares after the issue: maximum 121 857 801
• Dilution: approximately 40,0% with 100% subscription
• Subscription price: 0,65 SEK per unit, which corresponds to a subscription price of 0,65 SEK per share. No brokerage fee is charged and the warrants are issued free of charge.
• Exercise period for TO 2 warrants: February 24 - March 10 2025.

Denna artikel är en annons. Ett prospekt (“Prospektet”) har upprättats med anledning av genomförandet av nyemission av units till befintliga aktieägare i Gaming Corps AB (“Gaming Corps” eller “Bolaget”) (“Företrädesemissionen”). Prospektet kan erhållas på Gaming Corps hemsida (www.gamingcorps.com/corporate/rights-issue/) och har godkänts och registrerats av Finansinspektionen den 2 oktober 2024. Finansinspektionens godkännande ska inte uppfattas som ett godkännande av de erbjudna värdepapperen. Prospektet innehåller en beskrivning av potentiella risker och fördelar kopplade till en investering i Bolaget och potentiella investerare rekommenderas att läsa Prospektet i dess helhet innan ett investeringsbeslut fattas.