Gaming enterprise, Aspire Global, is undergoing an acquisition by NeoGames. Consequently, Aspire Global’s listing on the Nasdaq First North Premier Growth Market will be removed.
NeoGames presently possesses a controlling interest in Aspire Global (around 98.25% as of June 4, 2022) and has commenced the delisting procedure to conclude the acquisition. The outstanding shares are being procured through a compulsory buyback process.
Although the precise final trading date on Nasdaq First North Premier Growth Market remains undetermined, it will be disclosed once Aspire Global obtains confirmation from Nasdaq Stockholm.
NeoGames’s proposal to purchase Aspire Global, unveiled on January 17, 2022, assessed the company’s worth at roughly $500 to $600 million USD. The tender offer stood at 111.00 Swedish kronor ($12.29 USD) for each share.
Regulatory endorsements for the amalgamation were secured from the Gibraltar Licensing Authority and the North Macedonian Competition Authority in May 2022.
NeoGames had originally established a cutoff date of May 25, 2022, for the proposition. Nevertheless, to grant Aspire Global stakeholders additional opportunity, the acceptance timeframe was prolonged to June 14, 2022.
Subsequent to the acquisition, Aspire Global will function as a self-governing iGaming branch within the broader NeoGames organization. Tshashi Maimon, Chief Executive Officer of Aspire Global, will retain his current role and take on the title of President within the NeoGames group.
During his January of ’22 speech, Mamoun conveyed significant optimism regarding the two corporations’ unification. He underscored their enduring alliance, stressing that it has not only cultivated a robust cultural bond but is also well-positioned to unleash substantial fiscal benefits.
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