Posted on / by Jacob sachs / in Regulatory press releases

New capital and new shareholders further strengthen Fantasma Games

Stockholm 2021-09-16

Fantasma Games AB (NASDAQ: FAGA), a Stockholm-based game company, completes a directed new share issue, through which they will raise SEK 8 million. With this, the owner families Knutsson and Lundström deepen their involvement in the company while Swedish financial group Svea Ekonomi joins as a new major investor.

In connection with the recently entered agreement to acquire the Bulgarian game producer Wiener Games OOD, the Board of Fantasma Games AB has decided to carry out a directed new share issue of SEK 8 million. This was done under the authorization that the Board received at the Annual General Meeting in February 2021.

We identified a transaction that enables us to quickly scale up our production to meet the increased demand for our games. The directed share issue allows us to complete the acquisition despite a tight time frame. With the strong support of both existing and new owners, we are really looking forward to the next few months, says Fantasma Games’ acting CEO Jacob Sachs.

The share issue means that the families of Knutsson and Lundström (NetEnt, Betsson, and others) together invest an additional SEK 3 million in Fantasma Games. Furthermore, Svea Ekonomi, a large Swedish financial group, invests SEK 4 million along with others who jointly invest SEK 1 million. The deal has been made, without discount, at the volume-weighted average price (VWAP) over the last 30 business days. In total, 221 370 new shares will be issued, which will lead to a dilution of 8,03%.

This information is information that Fantasma Games AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:30 CET on 16 September 2021.

For further information, contact Jacob Sachs, interim CEO at Fantasma Games AB, jacob@fantasmagames.com, or telephone +46 708 143993

Nasdaq First North listed Fantasma Games is a Stockholm based game studio founded 2016. The company’s product portfolio that, among others, contains the game successes Heroes Hunt Megaways and Elemento, is available across the globe through more than 200 online game operators and casinos, such as Leo Vegas, Unibet, Svenska Spel and Betsson

The company’s Certified Adviser is Mangold Fondkommission AB, telephone +46 8 5030 1550 or email: ca@mangold.se.