ADVENTURE BOX ENTERS INTO AGREEMENT ON ACQUISTION OF MULTIVERSE APS, WITH THE GAMING PLATFORM KOGAMA, SUBJECT TO APPROVAL BY EXTRAORDINARY GENERAL MEETING

Adventure Box Technology AB (publ) ("Adventure Box") has today entered into an agreement to acquire all shares in Multiverse ApS, Reg. No. 33384807 ("Multiverse"), owner of the gaming platform KoGaMa, through an issue of shares with payment in kind. The acquisition is subject to, among other things, the approval of an Extraordinary General Meeting of Adventure Box, which is also proposed to resolve on the election of a new Board member.

Adventure Box has today entered into a share purchase agreement regarding the acquisition of all shares in Multiverse from M-B Investments ApS, Assimulo II ApS, DoGaMa Games II ApS and Nordisk Games A/S. The purchase price will be paid through an issue of 15,069,686 shares in Adventure Box against payment in kind, leading to a dilution for existing shareholders in Adventure Box of 50 percent of the share capital and votes in Adventure Box. The purchase price in the acquisition has been calculated based on the assessment that Multiverse amounts to a value corresponding to the value of all shares in Adventure Box before the acquisition. The acquisition is subject to customary terms and conditions and is also subject to approval by an Extraordinary General Meeting of Adventure Box.

Adventure Box intends to convene an Extraordinary General Meeting to be held on 30 September 2022 to resolve on, among other things, the approval of the acquisition, an issue of shares with payment in kind and the election of Jakob Sillesen as a new Board member. Provided that the Extraordinary General Meeting resolves to approve the acquisition, the Board also intends to appoint Michal Bendtsen from Multiverse as CEO of Adventure Box. Shareholders in Adventure Box, who together hold shares corresponding to approximately 18 percent of the total number of shares and votes in the company before the acquisition, have undertaken to vote in favor of the transaction and all resolutions at the Extraordinary General Meeting.

Background and motives

The Danish company Multiverse was founded in 2010 and has a gaming platform where players can create, share, and play computer games. The gaming platform, called KoGaMa, currently has approximately 750,000 active monthly users, despite basically non-existent paid marketing. KoGaMa is a social platform for consumer-created computer games and has a large user community. KoGaMa's users have together created more than three million games. KoGaMa has a functioning revenue-generating system and an established support system for its users.

"With this acquisition, we gain complete ownership of a strong platform that is used and loved by a large and loyal user base. KoGaMa has existing revenue streams, a deep and well-planned software foundation, and traction amongst a global user fan base. The acquisition brings Adventure Box's vision of a popular software platform for creators to the present day, rather than an unknown date in the future," said Rickard Riblom, CEO of Adventure Box.

"The current situation of Multiverse ApS, combined with the turbulence of the financial markets, has created the opportunity for this exciting acquisition to be possible," said Örjan Frid, Chairman of the Board of Adventure Box.

As of today, Multiverse's organization consists of four full-time and two part-time employees. Multiverse's EBITDA result is estimated at approximately SEK 1.1 million for the calendar year 2021. Multiverse has revenue through customer development agreements, in-game advertising, and in-game purchases from users in the platform.

"By merging the two companies, we gain a strong product base, an exciting, combined vision for future growth, and existing revenue streams to build on. We're excited about the opportunities ahead and look forward to growing the company together," said Michal Bendtsen, CEO of Multiverse ApS.

The company after the acquisition

  • Adventure Box acquires all shares in Multiverse and thus gains access to all technology, all users, all revenues, and the brands Multiverse owns today.
  • By combining the development resources from Adventure Box with the development resources and revenues from Multiverse, the new company will be on a more stable financial and technical basis, with longer financial sustainability.
  • The acquisition provides better conditions for taking care of the existing user base, creating viral growth, and generating additional revenue opportunities.
  • The acquisition gives Adventure Box an improved financial situation with even longer financial stability due to already existing revenue streams from Multiverse and synergies in development. The new cash flow comes from the platform's advertising revenue, purchases on the platform (for example subscriptions) and agreements with customers on game development.
  • With a strong focus on user-generated content, and a dedication to provide the best possible experience for gamers, the Multiverse gaming company has been in the business of developing and publishing consumer-created computer games for many years. The new combined company is looking forward to expanding its operations whilst having revenue with ambitious plans to develop and publish multiple projects using one technology platform. KoGaMa will eventually replace the current Adventure Box platform.
  • Below is a table of major shareholders which, after the acquisition, will hold shares corresponding to at least five percent of the total number of shares and votes in Adventure Box.

Name

Share in Adventure Box

M-B Investments ApS

13.35 %

Assimulo II ApS

13.35 %

DoGaMa Games II ApS

13.35 %

Nordisk Games A/S

9.95 %

 

Summary of the transaction

  • According to the share purchase agreement, all shares in Multiverse will be acquired from M-B Investments ApS, Assimulo II ApS, DoGaMa Games II ApS and Nordisk Games A/S for a consideration of 15,069,686 newly issued shares in Adventure Box through an issue of shares with payment in kind, leading to a dilution of 50 percent of the outstanding share capital and the number of votes in Adventure Box for existing shareholder. Details of the share issue will be published in the notice convening the Extraordinary General Meeting.
  • The acquisition means that the number of shares in Adventure Box after the acquisition amounts to 30,139,372 and that the share capital amounts to SEK 3,013,937.2. Following the completion of the acquisition, Adventure Box's existing shareholders will own 50 percent and Multiverse's shareholders will own 50 percent of the shares in Adventure Box.
  • The acquisition is subject to customary terms and conditions and is subject to, among other things, the approval of an Extraordinary General Meeting of Adventure Box.
  • It will also be proposed that the Extraordinary General Meeting resolves on new election of Jakob Sillesen from Multiverse as Board member. In other respects, the Board is proposed to remain unchanged.
  • Provided that the Extraordinary General Meeting approves the acquisition, the Board of Adventure Box intends to appoint Michal Bendtsen from Multiverse as CEO of Adventure Box. The current CEO Rickard Riblom will work in parallel with Michal Bendtsen for a six-month period.
  • The sellers of Multiverse, M-B Investments ApS, Assimulo II ApS, DoGaMa Games II ApS and Nordisk Games A/S, have within the framework of the share purchase agreement undertaken, for a period of twelve months from the acquisition, not to sell or carry out any other transactions with a corresponding effect in relation to the shares that will be subscribed for in the issue of shares.
  • Shareholders in Adventure Box, who together hold shares corresponding to approximately 18 percent of the total number of shares and votes in the company before the acquisition, have undertaken to vote in favor of the transaction and all resolutions at the Extraordinary General Meeting.

 

Timetable for the acquisition

Around 13 September 2022

Notice of Extraordinary General Meeting of Adventure Box is published

30 September 2022

Extraordinary General Meeting of Adventure Box

7 October 2022

Subscription and allotment of shares in the share issue to the sellers of Multiverse

Around 14 October 2022

Registration of shares issued in the issue of shares with payment in kind

 

This information is such that Adventure Box Technology AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was released through the agency of the contact persons below on 12 September 2022 at 19:50 CET.

FOR MORE INFORMATION CONTACT:

Rickard Riblom, CEO Adventure Box, +46 (0)70 444 24 79,
[email protected], corp.adventurebox.com

ABOUT ADVENTURE BOX TECHNOLOGY AB

Adventure Box, the leading social cloud gaming platform for user-created games, makes it easy and fun to make, share and play 3D games online. The company's world-leading streaming technology is patent protected. Founded in Stockholm 2014, the company also has staff in Seville, Copenhagen, and Madrid. Adventure Box is traded at Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276. Aktieinvest FK AB with email [email protected] and phone number +46 739 49 62 50 is the company's Certified Adviser.

Nerladdningsbara filer

DELÅRSRAPPORT TREDJE KVARTALET 2022

Under kvartalet var företagets fortsatta kostnadsfokus framgångsrikt och ledde till minskade kostnader, främst tack vare lägre organisationskostnader och färre anställda. Den 12 september meddelades att Adventure Box förvärvar danska Multiverse med den populära spelplattformen KoGaMa. Förvärvet driver Adventure Box flera år framåt vad gäller produktutveckling och marknadsposition. Med KoGaMa får bolaget en blomstrande plattform med en stor och aktiv spelargemenskap. Förutom att göra bolaget till ett av de bästa i sitt segment, innebär förvärvet också intäktsströmmar från annonser, mikrotransaktioner i spelen och konsultuppdrag.


QUARTERLY REPORT THIRD QUARTER 2022

During the quarter, the company's continued focus on costs was successful and led to reduced costs, mainly due to lower organizational costs and fewer employees. On September 12, it was announced that Adventure Box is acquiring Danish Multiverse with the popular gaming platform KoGaMa. The acquisition propels Adventure Box several years ahead in terms of product development and market position. With KoGaMa the company gets a thriving platform with a large and active gaming community. Apart from making the company one of the best in its segment, the acquisition also means revenue streams from advertisements, in-game micro transactions and consulting assignments.


ADVENTURE BOX: GRUNDEN FÖR EN FRAMTIDA FRAMGÅNGSSAGA ÄR LAGD

Adventure Box Technology AB har förvärvat danska Multiverse ApS med spelplattformen KoGaMa. Efter offentliggörandet av affären den 12 september beslutades att tills vidare stänga av den betalda marknadsföringen på Adventure Box spelplattform. Trots detta låg andelen besökare på 130 220 i september och kundanskaffningskostnaden stabilt på 0,20 kr. Andelen återvändande användare var, på grund av extraordinära händelser, ovanligt höga 51%. KoGaMa kommer så småningom att ersätta Adventure Box-plattformen.


ADVENTURE BOX: THE FOUNDATION FOR A FUTURE SUCCESS STORY HAS BEEN LAID

Adventure Box Technology AB has acquired Danish Multiverse ApS with the gaming platform KoGaMa. After the announcement of the deal on September 12, it was decided to suspend the paid marketing on the Adventure Box game platform for the time being. Despite this, the number of visitors was 130,220 in September, and the customer acquisition cost remained stable at SEK 0.20. The percentage of returning users was, due to extraordinary events, unusually high at 51%. KoGaMa will eventually replace the Adventure Box platform


Kommuniké från extra bolagsstämman i Adventure Box Technology AB (publ)

Vid dagens extra bolagsstämma i Adventure Box Technology AB (publ), org.nr 556963-6599 ("bolaget" eller "Adventure Box") fattades nedan angivna beslut. Samtliga beslut var i enlighet med framlagda förslag, vilka beskrivs i detalj i stämmohandlingarna som finns tillgängliga på bolagets webbplats, corp.adventurebox.com.


Bulletin from Extraordinary General Meeting in Adventure Box Technology AB (publ)

At today's Extraordinary General Meeting in Adventure Box Technology AB (publ), Reg. No. 556963-6599 (the "company" or "Adventure Box"), the following resolutions were made. All resolutions were in accordance with the submitted proposals, described in detail in the general meeting documents available on the company's website, corp.adventurebox.com.


ADVENTURE BOX VD KÖPER AKTIER

Efter att Adventure Box offentliggjort förvärvet av bolaget Multiverse har bolagets VD Rickard Riblom köpt ytterligare 46 279 aktier i Adventure Box.


ADVENTURE BOX CEO BUYS SHARES

After Adventure Box announced the acquisition of the company Multiverse, the company's CEO Rickard Riblom has bought an additional 46,279 shares in Adventure Box.


ADVENTURE BOX BJUDER IN TILL INFORMATIONSMÖTE ANGÅENDE FÖRVÄRVET AV MULTIVERSE

Den 12 september 2022 offentliggjordes att Adventure Box Technology AB avser förvärva det danska bolaget Multiverse ApS via en apportemission. Transaktionen innebär ett komplett ägarskap av spelplattformen KoGaMa, viktiga intäktsströmmar, samt cirka 750 000 aktiva månatliga användare. I syfte att ge aktieägarna bästa möjliga information om förvärvet samt svara på frågor, kommer en presentation att hållas den 28 september, med möjlighet att ställa frågor till ledningen.


ADVENTURE BOX INVITES TO AN INFORMATION MEETING REGARDING THE ACQUISITION OF MULTIVERSE

On September 12, 2022, it was announced that Adventure Box Technology AB intends to acquire the Danish company Multiverse ApS via a non-cash issue. The transaction means complete ownership of the gaming platform KoGaMa, important revenue streams, as well as around 750,000 active monthly users. To give the shareholders the best possible information about the acquisition and to answer questions, a presentation will be held on September 28, with the opportunity to ask questions to the management.


ADVENTURE BOX VD KÖPER AKTIER

Efter att Adventure Box offentliggjort förvärvet av bolaget Multiverse har bolagets VD Rickard Riblom har köpt totalt 42 365 aktier i Adventure Box.


ADVENTURE BOX CEO BUYS SHARES

After the company announced the acquisition of the company Multiverse, Adventure Box CEO Rickard Riblom has bought a total of 42,365 shares in Adventure Box.


Kallelse till extra bolagsstämma i Adventure Box Technology AB (publ)

Aktieägarna i Adventure Box Technology AB (publ), org.nr 556963-6599 ("Adventure Box" eller "bolaget"), kallas härmed till extra bolagsstämma att hållas fredagen den 30 september 2022 kl. 11:00 i bolagets lokaler på Sveavägen 166 plan 19, 113 46 Stockholm.


Notice of Extraordinary General Meeting in Adventure Box Technology AB (publ)

The shareholders of Adventure Box Technology AB (publ), Reg. No. 556963-6599 ("Adventure Box" or the "company") are hereby summoned to an Extraordinary General Meeting to be held Friday, 30 September 2022, at 11:00 CEST at the company's premises, Sveavägen 166 plan 19, SE-113 46 Stockholm.


ADVENTURE BOX INGÅR AVTAL OM FÖRVÄRV AV MULTIVERSE APS, MED SPELPLATTFORMEN KOGAMA, VILLKORAT AV GODKÄNNANDE AV EXTRA BOLAGSSTÄMMA

Adventure Box Technology AB (publ) ("Adventure Box") har idag ingått ett avtal om förvärv av samtliga aktier i Multiverse ApS, org.nr. 33384807 ("Multiverse"), innehavare av spelplattformen KoGaMa, genom en apportemission. Förvärvet är bland annat villkorat av godkännande av extra bolagstämma i Adventure Box, vilken även föreslås besluta om val av ny styrelseledamot.


ADVENTURE BOX ENTERS INTO AGREEMENT ON ACQUISTION OF MULTIVERSE APS, WITH THE GAMING PLATFORM KOGAMA, SUBJECT TO APPROVAL BY EXTRAORDINARY GENERAL MEETING

Adventure Box Technology AB (publ) ("Adventure Box") has today entered into an agreement to acquire all shares in Multiverse ApS, Reg. No. 33384807 ("Multiverse"), owner of the gaming platform KoGaMa, through an issue of shares with payment in kind. The acquisition is subject to, among other things, the approval of an Extraordinary General Meeting of Adventure Box, which is also proposed to resolve on the election of a new Board member.


ADVENTURE BOX: ANVÄNDARNA KOMMER TILLBAKA

Under augusti har 201 542 användare besökt Adventure Box. Andelen återvändande användare fortsätter att öka och ligger nu på 24%. Samtidigt fortsätter kundanskaffingskostnaden att sjunka och ligger under augusti på 0,20 kr.


ADVENTURE BOX: THE USERS RETURN

During August, 201,542 users visited Adventure Box. The percentage of returning users continues to increase and is now at 24%. At the same time, the customer acquisition cost continues to fall and is during August at SEK 0.20.


DELÅRSRAPPORT ANDRA KVARTALET 2022

Bolaget fortsätter utvecklingen av den nya spelformen Multimaker. Plattformen har en för branschen låg avvisningsfrekvens samtidigt som den redan låga kundanskaffningskostnaden har sänkts ytterligare. Bolaget har även sänkt kostnaderna sedan tidigare kvartal.

Med ett fokuserat team, finansiell uthållighet och en lovande Multimaker ser bolaget med tillförsikt fram emot hösten.


INTERIM REPORT SECOND QUARTER 2022

The company continues the development of the new game form Multimaker. The platform has a bounce rate which is low for the industry, and the already low customer acquisition cost has been further reduced. The company has also reduced costs since the previous quarter.

With a focused team, financial endurance and a promising Multimaker, the company looks forward to autumn 2022 with confidence.


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