Adventure Box Technology AB

Adventure Box Technology AB announced that its subsidiary, Lion Gaming Group Inc., has secured a one-year Line of Credit Facility of up to US$1 million at an interest rate of 10% per annum. This facility is intended to support working capital and accelerate growth initiatives. CEO Duncan McIntyre stated that the funding will aid ongoing operations and the expansion of B2C gaming brands. Adventure Box is committed to scaling its business and fostering innovation in the gaming sector. The company is pursuing an acquisition-driven strategy, recently acquiring Lion Gaming and planning further acquisitions to enhance its technological capabilities and market position. Adventure Box, listed on Nasdaq First North Growth Market, offers KoGaMa, an online game creation platform.

Adventure Box Technology AB has announced a non-binding Letter of Intent to acquire iGaming assets, including a marketing and affiliate company called Project Quantum. This acquisition marks Adventure Box's entry into the marketing and affiliate sector, aiming to enhance its casino brands' traffic and complement its existing B2B services. The acquisition, financed through debt, is expected to bolster the company's market presence, revenue, and long-term growth. The transaction, valued at €15,000,000, involves cash payments and shares, with completion expected by March 31, 2025, pending due diligence and approvals. Adventure Box's CEO, Duncan McIntyre, noted that this move will provide marketing expertise and management talent, enhancing gaming experiences and revenue growth. The acquisition aligns with Adventure Box's strategy to diversify its portfolio and capitalize on the expanding online casino sector, with Project Quantum's 2024 revenue projected at €12,500,000 and EBITDA at €4,500,000. The company is also exploring various debt proposals to support growth. Adventure Box plans to integrate the new operations smoothly, unlocking synergies in marketing and customer engagement. The company is publicly traded on Nasdaq First North Growth Market.

Adventure Box Technology AB announced that its CEO, Duncan McIntyre, will present at two investor conferences in Stockholm on March 4 and March 10, 2025. These events aim to provide insights into the company's growth strategy, recent acquisitions, and future plans in the iGaming sector. The conferences include the Redeye iGaming Theme Event on March 4 and the Inderes Investor Day Webcast on March 10. McIntyre will also be available for investor meetings in Stockholm on March 3-4. Adventure Box is focused on digital solutions and growth through acquisitions, having recently acquired Lion Gaming and planning further acquisitions. The company offers KoGaMa, an online game creation platform, and is listed on Nasdaq First North Growth Market.

Adventure Box Technology AB has announced that Mads Jorgensen, the current Chairman of the Board, will step down immediately due to health reasons and transition to an advisory role. Chris Bergstresser, a current board member, has been appointed as the new Chairman until the next Annual General Meeting. Jorgensen has been a key leader since 2024, contributing significantly to the company's direction with his experience in the iGaming industry. Bergstresser, who also joined the board in 2024, brings extensive experience from the gaming sector and has served on several other boards. His appointment aims to strengthen the company's leadership and support its expansion strategy in the iGaming market. The board's overall composition remains unchanged, and the company is focused on maintaining strategic alignment and operational momentum. This announcement was made public in compliance with the EU Market Abuse Regulation. Adventure Box Technology offers KoGaMa, an online game creation platform, and is traded on Nasdaq First North Growth Market.

Adventure Box Technology AB announced it has signed a non-binding Letter of Intent to acquire 100% of RWB Smart Solutions Inc., an Asia-based casino solutions provider. This acquisition aims to expand Adventure Box's global presence and enhance innovation. The deal, valued at $18 million, is expected to close in early Q2 2025, pending approval and financing. RWB reported approximately $20 million in revenue and $10 million in EBITDA for 2024. The acquisition will integrate RWB's operations with Adventure Box, aiming for synergies and growth. Both companies see this as an opportunity to expand in regulated Asian markets and enhance customer value. Adventure Box is publicly traded on Nasdaq First North Growth Market.

Adventure Box Technology AB announced it has signed a binding Letter of Intent to acquire the intellectual property of Zefr Media, a leader in the iGaming sector. This acquisition aims to enhance Adventure Box's capabilities and innovation potential. Zefr Media, known for its pioneering work in online casinos and sports betting, has been involved in significant financial transactions and mergers. The deal, valued at approximately $2.5 million USD, includes cash and shares, and is subject to approval and regulatory clearances. It is expected to close in early Q2, 2025. Zefr Media's management team will join Adventure Box in complementary roles. This acquisition is seen as a transformative step for Adventure Box, enhancing growth and operational efficiency. The announcement is made in compliance with EU Market Abuse Regulation. Adventure Box, known for its KoGaMa platform, is traded on Nasdaq First North Growth Market.

Adventure Box Technologies AB has signed a Letter of Intent to acquire 100% of Blok Sports LLC and 51% of Sparx Technologies. These acquisitions aim to enhance Adventure Box's position in the iGaming sector by integrating Blok's social sports betting platform and Sparx's fan engagement tools. The total consideration for the acquisitions is $12 million, with payments structured through share issuances over several years. The acquisitions are expected to broaden Adventure Box's technological capabilities and market reach. The next steps involve finalizing definitive agreements. Adventure Box aims to become a leader in digital gaming and sports betting markets.

Adventure Box Technology AB has completed the acquisition of Lion Gaming Group Inc., as approved at an Extraordinary General Meeting. The acquisition, based on a Share Purchase Agreement from October 2024, involved Adventure Box acquiring all of Lion's shares for approximately SEK 467 million, paid through the issuance of new shares at SEK 0.40 each. Post-transaction, Lion's shareholders own about 94.88% of Adventure Box's shares. The acquisition aims to enhance Adventure Box's position in the iGaming industry by leveraging Lion's technology and expertise. The deal required several conditions, including settling Lion's convertible bonds and exchanging warrants. The transaction increased Adventure Box's share capital and included a directed issue of new warrants. Adventure Box's updated financial projections for Lion exclude incomplete acquisitions, with an estimated 2024 turnover of 51.7 MSEK and an EBITDA of 2.3 MSEK. This information is disclosed under the EU Market Abuse Regulation. Adventure Box, known for its KoGaMa platform, is listed on Nasdaq First North Growth Market.

Effective January 14, 2025, Duncan McIntyre will become the new CEO of Adventure Box Technologies AB, following its acquisition of Lion Gaming Group Inc., where McIntyre is currently CEO. This acquisition marks a strategic shift for Adventure Box towards focusing on mergers and acquisitions in the iGaming sector. Michal Bendtsen, the current CEO, expressed confidence in McIntyre's leadership and will continue as Vice CEO and a board member. McIntyre brings experience from the gaming market and has held roles at FansUnite Entertainment Inc. and Perihelion Capital Limited. Adventure Box Technology, known for its KoGaMa game creation platform, is publicly traded on Nasdaq First North Growth Market.

At the Extraordinary General Meeting of Adventure Box Technology AB, several resolutions were adopted in line with the submitted proposals. The meeting approved the acquisition of Lion Gaming Group Inc. by issuing consideration shares totaling SEK 467 million. Conditions for the acquisition include settling Lion's convertible bonds, exchanging warrants, and auditor certification of assets. The Articles of Association were amended to reflect a new share capital range and total number of shares. A directed share issue was approved for Lion Gaming Group Inc. shareholders, with a subscription period and payment deadline set to January 31, 2025. New shares will carry dividend rights after registration. A directed issue of warrants was also approved, exercisable until December 30, 2034. The Board of Directors will have seven members until the next Annual General Meeting, with Duncan McIntyre and Michal Bendtsen elected as new members, while Staffan Eklöw and Örjan Frid resigned. Board fees remain unchanged. Ben Heidari from FinEasity AB was elected as the new auditor. The Board was authorized to issue shares, warrants, and convertibles up to 25% of the shares after the completed issue and to make necessary adjustments for registration.