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.
Interim Report for the period January – September 2023
CEO Marcus Teilman comments: “With a third quarter characterised by focused development in all business areas, and several important game releases and activities to look forward to by the end of the year, Fragbite Group is headed towards closing 2023 on a strong note.”
Invitation to presentation in conjunction with Fragbite Group’s report for the third quarter 2023
Fragbite Group AB (publ) (“Fragbite Group”) will publish its report for the third quarter 2023 on Thursday August 23 at 07:30 a.m. CET. At 10:00 a.m. the same day there will be a webcast presentation of the report.
Potion Permit up next for Playdigious growing portfolio
Fragbite Group AB’s (publ) (“Fragbite Group”) subsidiary Playdigious today announces the upcoming release of Potion Permit to mobile platforms in February 2024. A simulation role playing game, Potion Permit was first released in 2022 on PC and console.
Swedish Cup has started – Tele2 joins on a 2-year sponsorship
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.
Fragbite Group finalises the acquisition of Fall Damage
Fragbite Group AB (publ) (”Fragbite Group” or “the Company”) has finalised the acquisition of Fall Damage Studio AB (”Fall Damage”) which was announced on October 11 2023 (”The Acquisition”).
Chairman of the Board purchases 454,090 Fragbite Group shares
Fragbite Group AB:s (publ) (”Fragbite Group”) Chairman of the Board Stefan Tengvall has purchased 454,090 shares in Fragbite Group after the recent acquisition of Fall Damage. The Chairman wishes to take the opportunity to welcome new shareholders.
Invitation to press conference regarding the acquisition of Fall Damage
Fragbite Group AB (publ) (“Fragbite Group”) will hold a press conference on October 12 at 10.00 CEST regarding the acquisition of game development studio Fall Damage. The press conference will be held via live webcast and followed by a Q&A session.
Fragbite Group AB (publ) has successfully completed a directed issue of units of approximately SEK 22 million
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) acquires Fall Damage Studio AB and evaluates the conditions to carry out a directed issue of units
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.
