Adventure Box Technology AB

Adventure Box Technology AB announced it has signed a binding Letter of Intent to acquire the intellectual property of Zefr Media, a leader in the iGaming sector. This acquisition aims to enhance Adventure Box's capabilities and innovation potential. Zefr Media, known for its pioneering work in online casinos and sports betting, has been involved in significant financial transactions and mergers. The deal, valued at approximately $2.5 million USD, includes cash and shares, and is subject to approval and regulatory clearances. It is expected to close in early Q2, 2025. Zefr Media's management team will join Adventure Box in complementary roles. This acquisition is seen as a transformative step for Adventure Box, enhancing growth and operational efficiency. The announcement is made in compliance with EU Market Abuse Regulation. Adventure Box, known for its KoGaMa platform, is traded on Nasdaq First North Growth Market.

Adventure Box Technologies AB has signed a Letter of Intent to acquire 100% of Blok Sports LLC and 51% of Sparx Technologies. These acquisitions aim to enhance Adventure Box's position in the iGaming sector by integrating Blok's social sports betting platform and Sparx's fan engagement tools. The total consideration for the acquisitions is $12 million, with payments structured through share issuances over several years. The acquisitions are expected to broaden Adventure Box's technological capabilities and market reach. The next steps involve finalizing definitive agreements. Adventure Box aims to become a leader in digital gaming and sports betting markets.

Adventure Box Technology AB has completed the acquisition of Lion Gaming Group Inc., as approved at an Extraordinary General Meeting. The acquisition, based on a Share Purchase Agreement from October 2024, involved Adventure Box acquiring all of Lion's shares for approximately SEK 467 million, paid through the issuance of new shares at SEK 0.40 each. Post-transaction, Lion's shareholders own about 94.88% of Adventure Box's shares. The acquisition aims to enhance Adventure Box's position in the iGaming industry by leveraging Lion's technology and expertise. The deal required several conditions, including settling Lion's convertible bonds and exchanging warrants. The transaction increased Adventure Box's share capital and included a directed issue of new warrants. Adventure Box's updated financial projections for Lion exclude incomplete acquisitions, with an estimated 2024 turnover of 51.7 MSEK and an EBITDA of 2.3 MSEK. This information is disclosed under the EU Market Abuse Regulation. Adventure Box, known for its KoGaMa platform, is listed on Nasdaq First North Growth Market.

Effective January 14, 2025, Duncan McIntyre will become the new CEO of Adventure Box Technologies AB, following its acquisition of Lion Gaming Group Inc., where McIntyre is currently CEO. This acquisition marks a strategic shift for Adventure Box towards focusing on mergers and acquisitions in the iGaming sector. Michal Bendtsen, the current CEO, expressed confidence in McIntyre's leadership and will continue as Vice CEO and a board member. McIntyre brings experience from the gaming market and has held roles at FansUnite Entertainment Inc. and Perihelion Capital Limited. Adventure Box Technology, known for its KoGaMa game creation platform, is publicly traded on Nasdaq First North Growth Market.

At the Extraordinary General Meeting of Adventure Box Technology AB, several resolutions were adopted in line with the submitted proposals. The meeting approved the acquisition of Lion Gaming Group Inc. by issuing consideration shares totaling SEK 467 million. Conditions for the acquisition include settling Lion's convertible bonds, exchanging warrants, and auditor certification of assets. The Articles of Association were amended to reflect a new share capital range and total number of shares. A directed share issue was approved for Lion Gaming Group Inc. shareholders, with a subscription period and payment deadline set to January 31, 2025. New shares will carry dividend rights after registration. A directed issue of warrants was also approved, exercisable until December 30, 2034. The Board of Directors will have seven members until the next Annual General Meeting, with Duncan McIntyre and Michal Bendtsen elected as new members, while Staffan Eklöw and Örjan Frid resigned. Board fees remain unchanged. Ben Heidari from FinEasity AB was elected as the new auditor. The Board was authorized to issue shares, warrants, and convertibles up to 25% of the shares after the completed issue and to make necessary adjustments for registration.

Adventure Box Technology AB has announced proposals for its Extraordinary General Meeting on December 30, 2024. The proposals, supported by major shareholders, include setting the number of board members to seven and electing Duncan McIntyre as a new board member. Current board member Staffan Eklöw plans to resign. McIntyre, CEO of Lion Gaming Group Inc., has experience in the gaming market and corporate structuring. Additionally, the Board suggests replacing Grant Thornton Sweden AB with Ben Heidari from FinEasity AB as the Company's auditor to reduce costs, with remuneration based on an approved invoice.

Adventure Box Technology AB has invited its shareholders to an Extraordinary General Meeting on December 30, 2024, at 10:00 a.m. CET in Stockholm. Shareholders must be registered with Euroclear Sweden AB by December 17 and notify the company of their participation by December 23. The meeting will address several key agenda items, including the approval of the acquisition of Lion Gaming Group Inc., amendments to the Articles of Association, and a directed new issue of consideration shares. The acquisition involves issuing new shares to Lion's shareholders, resulting in them holding about 94.88% of the company's shares. The meeting will also discuss changes to the Board of Directors and authorizing the Board to issue shares, warrants, and/or convertible bonds. Further details, including proposals and documents, are available on the company's website.

Adventure Box Technologies AB har ingått ett avtal om att förvärva 100% av aktierna i Lion Gaming Group Inc. för cirka 467 MSEK. Köpeskillingen betalas genom utgivande av nya Adventure Box-aktier. Förvärvet kräver godkännande av Adventure Box aktieägare vid en extra bolagsstämma och andra villkor. Slutförandet förväntas ske inom de närmaste månaderna. Förvärvet av Lion, en ledande leverantör av teknikplattformar för iGaming, syftar till att stärka Adventure Box tekniska kapacitet och finansiella stabilitet, samt att utöka deras globala närvaro och konkurrenskraft inom iGaming-branschen. Adventure Box får tillgång till Lions teknik och immateriella rättigheter, vilket förbättrar deras erbjudanden. Förväntade synergier inkluderar förbättrad operativ prestanda och nya tillväxtmöjligheter genom korsförsäljning och marknadsexpansion. Efter förvärvet kommer Lions aktieägare att äga cirka 94,88% av Adventure Box. Förvärvet omfattar också hantering av Lions utestående konvertibler och teckningsoptioner, samt en planerad kapitalanskaffning för att stödja den nybildade koncernen. Villkoren för tillträde ska uppfyllas inom de närmaste tre månaderna. Adventure Box kommer att kalla till en extra bolagsstämma för att godkänna emissionen av vederlagsaktier och ändringar i bolagsordningen.

Adventure Box Technology AB har meddelat att deras nuvarande certifierade rådgivare, Aktieinvest FK AB, har sålt sin Certified Adviser-division till Bergs Securities AB. Som en följd av detta kommer Bergs Securities AB att ta över rollen som certifierad rådgivare för Adventure Box Technology AB från och med den 30 september 2024. Fram till dess kommer Aktieinvest FK AB att fortsätta som certifierad rådgivare. För mer information, kontakta Michal Bendtsen, VD för Adventure Box Technology AB, på +45 (0)26 355 377 eller mb@kogama.com. Adventure Box Technology erbjuder KoGaMa, en online-plattform för spelskapande med användarvänliga verktyg för att skapa och dela spel. Företaget grundades i Stockholm 2014 och har personal i Sevilla och Köpenhamn. Adventure Box är listat på Nasdaq First North Growth Market under kortnamnet ADVBOX och ISIN-kod SE0012955276. Bergs Securities AB är företagets nya Certified Adviser och kan kontaktas via Rutger Ahlerup på rutger.ahlerup@bergssecurities.se eller +46 739 49 62 50.

Adventure Box Technology AB har registrerat en företrädesemission av högst 43 747 308 aktier, som beslutades den 20 juni 2024. Sista dagen för handel med betalda tecknade aktier (BTA) på Nasdaq First North Growth Market är den 9 augusti 2024, och omvandlingen av BTA till aktier sker den 13 augusti 2024. De nya aktierna kommer att bokas in på aktieägarnas konton den 15 augusti 2024. Corpura Fondkommission AB var finansiell rådgivare och Advokatfirman Delphi var legal rådgivare, medan Aqurat Fondkommission AB agerade som emissionsinstitut. Detta pressmeddelande är inte ett erbjudande att sälja aktier, och värdepapperna kommer inte att registreras enligt amerikansk lag eller i vissa andra länder. Informationen är inte fullständig och investerare bör hänvisa till det informationsmemorandum som tillhandahålls av bolaget. Adventure Box Technology erbjuder en online-plattform för spelskapande och handlas på Nasdaq First North Growth Market.