Fragbite Group AB:s (publ) (“Fragbite Group”) subsidiary Playdigious is today releasing popular game title Shapez on mobile platforms. Top rated on PC, Shapez is releasing on AppStore and Google Playstore where the game can also be downloaded for a free trial.
Fragbite Group AB’s (publ) (“Fragbite Group”) subsidiary Fragbite AB has kicked off the 2023 edition of the Swedish Cup in Counter-Strike, now joined on a 2-year sponsorship by mobile operator Tele2. Last year’s finalists, Ninjas in Pyjamas and Eyeballers, will be joining the playoffs ahead of the final held in SPACE Arena on December 3.
The board of directors of Fragbite Group (publ) (“Fragbite Group” or the “Company”) has today, based on the authorization granted by the annual general meeting held on 12 May 2023, resolved on a directed issue of 11,282,043 Units, corresponding to 11,282,043 shares and 11,282,043 warrants of series TO 1, initially providing the Company with approximately SEK 22.0 million before issue costs (the “Directed Issue”). The subscription price amounted to SEK 1.95 per Unit and was determined based on an accelerated book-building procedure carried out by Vator Securities AB (acting as Sole Bookrunner). The subscribers in the Directed Issue consist of certain existing shareholders, including Mikael A Pettersson, The Barbarian Group AB and Santhe Dahl Invest AB, as well as Swedish and international institutional investors, Family Offices and qualified private investors. The proceeds will primarily finance the acquisition of Fall Damage (the “Acquisition”) and the continued operation of Fall Damage and the development of its tactical FPS game ALARA Prime until launch. In connection with the Directed Issue, Fragbite Group has also entered into loan agreements amounting to a total of SEK 20 million with Buntel AB and Munkekullen 5 Förvaltning AB on market terms.
Fragbite Group AB (publ) (“Fragbite Group” or the “Company”) has today entered into an agreement with Fall Damage Holding AB to acquire 100 percent of the shares, on a fully diluted basis, in Fall Damage Studio AB (“Fall Damage” or the “Target Company”) (the “Acquisition”). The initial purchase price amounts to SEK 20 million, which shall be paid with SEK 10 million in cash and with SEK 10 million through 4,291,845 newly issued shares in Fragbite Group, which are issued at a price of SEK 2.33 per share. In light of the Acquisition, the Board of Directors of the Company has decided to investigate the conditions for carrying out a directed issue of shares and warrants (“Units”) of approximately SEK 20 million through an accelerated book-building procedure (the “Directed Issue”). Fragbite Group has engaged Vator Securities as Sole Bookrunner in connection with the Directed Issue. The purpose of the Directed Issue is mainly to finance the acquisition of Fall Damage and the continued operation of Fall Damage and the development of its tactical FPS game ALARA Prime until launch. In connection to the Directed Issue, Fragbite Group also intends to explore the conditions of raising a loan of approximately SEK 20 million.