GDEV Announces an At-The-Market Offering
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LIMASSOL, Cyprus, Sept. 12, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), announces today that it has entered into a Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”) and Oppenheimer & Co. Inc. (“Oppenheimer,” and together with Cantor, the “Agents”), under which we may offer and sell, from time to time, 1,757,026 ordinary shares, no par value, of the Company, held in treasury (the “Shares”), through a designated Agent in an “at the market offering” (the “ATM Offering”), as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933. The Shares correspond to the ones previously acquired pursuant to our tender offer which expired in January 2024 (the “Tender Offer”). No new ordinary shares will be issued in connection with the ATM Offering.
Any Shares offered in an ATM Offering will be sold pursuant to the Company’s registration statement on Form F-3 (Registration No. 333-282062), the related prospectus, which was filed with the Securities and Exchange Commission (the “SEC”) on September [12], 2024, after such registration statement is declared effective by the SEC, including sales made directly on or through the NASDAQ, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing market prices and/or any other method permitted by law. The Agents will use their commercially reasonable efforts to sell the Shares from time to time, based upon the Company’s instructions. Copies of the prospectus relating to the ATM Offering may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or from the offices of the Company at 55, Griva Digeni 3101, Limassol Cyprus.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co.,
Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at [email protected] and Oppenheimer & Co. Inc.
Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at [email protected].
As previously announced in connection with the completion of the Tender Offer, the reintroduction of the shares via the ATM Offering aims to bolster the trading liquidity of the shares by increasing its public float. The Company intends to use the net proceeds from the ATM Offering primarily for general corporate purposes, including working capital.