Gaming Innovation Group – Issue of new shares

Gaming Innovation Group Inc. (“GiG” or the “Company”) has today issued 3,408,472 new shares of its common stock.

The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued.

The Company’s share capital has increased from USD 131,180,102 to USD 134,588,574, and the number of outstanding shares has increased from 131,180,102 to 134,588,574 (par value USD 1.00). In addition, a total of 1,377,000 options are outstanding as of today.

The 3,408,472 new shares were distributed as follows:

3,226,418 new shares have been issued in connection with the SEK 100 million directed share issue at a share price of SEK 31 (NOK 31.31) per share, ref. announcement from GiG on 4 June 2024.

126,554 new shares have been issued in connection with the option program entered into in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref. Exemption Document dated 13 July 2022, whereby key employees in Sportnco, contingent on continued employment, will receive shares in the Company at EUR 3.16 (NOK 30.85) per share.

55,500 new shares have been issued in connection with exercise of options, whereof 29,000 shares at a share price of NOK 15.00 and 26,500 at a share price of NOK 22.00 per share.

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678