ADVENTURE; DIRECTED SHARE ISSUE SECURES CONTINUED GROWTH

Adventure Box has completed a directed new share issue with a capital injection to the company of SEK 9.2 million. The new share issue has been decided by the Board with the support of an authorization from the Annual Shareholder's General Meeting.

"Adventure Box are currently experiencing a clear momentum, which is reflected, among other things, in the fact that we have seen a significant increase in both the number of new and returning visitors to our website during March. The new share issue aims to further accelerate our growth. With these funds, we can now utilize the low customer acquisition cost further to take an even larger and stronger market position. We also get the financial muscles to allow us to consider a smaller acquisition which would strengthen our rate of development", says Christopher Kingdon, CEO of Adventure Box.

The new share comprises 1,412,231 shares at a price of SEK 6.50 per share. Based on a weighted average of the listed share price during the last 20 trading days (SEK 7.61), the share issue price implies a discount of about 15 percent. The issue price has been determined after negotiation with the investors and is considered by the Board as market-based, especially in the current financial climate.

The share issue will increase Adventure Box's equity with SEK 9.2 million. Capital injection costs amount to five percent of the issued amount and are paid in 70,611 shares at the same issue price as the share issue. The total 1,482,842 shares issued will constitute approximately 14 percent of the share capital of the company. The new share issue has been subscribed to by both existing shareholders and new investors. The total number of shares in Adventure Box after registration of the new share issue will be 10,625,242.

"We feel privileged to have the opportunity to raise capital in the prevailing climate. The Board has evaluated various capital injection options and our assessment is that the model chosen is by far the most cost-effective for our shareholders. A precedence, non-directed, rights issue, at such a comparatively small amount, would have been very expensive, resulting in higher dilution for owners and less money for the company", adds Christopher Kingdon.

FOR MORE INFORMATION CONTACT:

Christopher Kingdon, CEO Adventure Box, +46 (0)73 051 1414, [email protected], corp.adventurebox.com

Certified Advisor FNCA Sweden AB, +46(0)8-528 00 399, [email protected]

ABOUT ADVENTURE BOX TECHNOLOGY AB

Adventure Box 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 Paris, Seville, Malta and Kerala (India). Adventure Box is traded at Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276.

 

This information is such that Adventure Box Technology AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. Information was provided through the above contact persons' publication for publication on 6 April 2020 at 8:34 CET.



STYRELSELEDAMOT AVGÅR PÅ EGEN BEGÄRAN

Christine Rankin har på egen begäran valt att lämna sitt uppdrag som ledamot i Adventure Boxs styrelse


A MEMBER OF THE BOARD OF DIRECTORS RESIGNS AT OWN REQUEST

Christine Rankin has, at her own request, chosen to leave her position as a member of Adventure Box's board.


ADVENTURE BOX UTSER NY VD

Rickard Riblom tillträder som ny VD i Adventure Box från och med den 11 oktober 2021. Rickard är för närvarande marknadschef i bolaget.


ADVENTURE BOX APPOINTS NEW CEO

Rickard Riblom will take over as the new CEO of Adventure Box starting October 11, 2021. Rickard is currently the company's marketing manager.


ADVENTURE BOX: FÖRBÄTTRADE NYCKELTAL

Det metodiska utvecklingsarbetet av plattformen går enligt plan och effekterna börjar synas i nyckeltalen. Återvändande användare ökade i september med tre procentenheter jämfört med augusti till 20%. Intäkterna per 1000 reklamvisningar ökade med 116% jämfört med augusti trots sänkta kundanskaffningskostnader.


ADVENTURE BOX: IMPROVED KEY FIGURES

The methodological development work of the platform is going according to plan, and the effects are starting to show in the key figures. Returning users increased to 20%, an increase of three percentage points since August. Revenue per 1,000 ad impressions increased by 116% compared to August, despite reduced customer acquisition costs.


ADVENTURE BOX PRESENTERAR PÅ AKTIEDAGEN LUND IDAG

Vid Aktiedagen kommer VD Christopher Kingdon att visa en live-demonstration av den nya spelformen "Multi-Maker".


ADVENTURE BOX PRESENTS AT AKTIEDAGEN LUND TODAY

At Aktiedagen, CEO Christopher Kingdon will show a live demonstration of the new game format "Multi-Maker".


ADVENTURE BOX: SKAPARGEMENSKAP

Genomförda aktiviteter för att bygga gemenskap bland spelskaparna ökar deras engagemang. Den nya spelformen "multi-maker", där användarna samtidigt skapar spel tillsammans, som nu utvecklas, kommer ytterligare att stärka denna gemenskap.


ADVENTURE BOX: CREATOR COMMUNITY

Community building activities among game creators increases engagement. The new, currently under development, "multi-maker" functionality allows users to create games together, strengthening this sense of community.


ADVENTURE BOX VD KÖPER YTTERLIGARE 20 943 AKTIER I BOLAGET

Adventure Box VD Christopher Kingdon utökade 2021-08-27 sitt aktieinnehav i bolaget med ett nettoköp om 114 946 SEK.


ADVENTURE BOX CEO BUYS ANOTHER 20,943 SHARES IN THE COMPANY

Adventure Box CEO Christopher Kingdon increased his shareholding in the company on August 27 with a net purchase of SEK 114,946.


DELÅRSRAPPORT 1 APRIL-30 JUNI 2021

Fortsatt fokus på produktförbättringar och relationsbyggande med användare. Ny version i vilka flera användare kan skapa tillsammans utvecklas.


INTERIM REPORT 1 APRIL- 30 JUNE 2021

Continued focus on product improvements and community building. A
new version in which users can create together is being developed.


ADVENTURE BOX: LÄGRE TILLVÄXTKOSTNADER OCH NYA FÖRBÄTTRINGAR

Under juli släppte bolaget flera förbättringar av produkten samtidigt som kundanskaffningskostnaderna sänktes med 47%.


ADVENTURE BOX: LOWER GROWTH COSTS AND PLATFORM IMPROVEMENTS

The company released several improvements to the product while reducing customer acquisition costs by 47% in July.


ADVENTURE BOX SER EN ÖKNING AV ANDELEN ÅTERVÄNDANDE ANVÄNDARE

Andelen återvändande användare ökar med 3 procentenheter under juni. Från 20% i maj till 23% i juni. 46 664 av de 200 688 månatliga besökarna var nu återvändande.


ADVENTURE BOX SEES AN INCREASE IN THE RATE OF RETURNING USERS

The proportion of returning users increased by three percentage points in June, from 20% in May to 23%. 46,664 of the 200,688 monthly visitors are now returning.


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