Flexion Mobile makes strategic investment
Acquires 20% of mobile game influencerLONDON, 31st of January 2022 - Flexion Mobile Plc (Nasdaq: FLEXM), the Android games distribution company today announces it has signed an investment agreement with Liteup Media UG, a German start-up with a new and unique service for mobile game influencer marketing. Flexion has the right to acquire up to 40% of the company through directed share issue at an agreed fixed valuation of USD 2.5 million with an additional option to acquire the whole company from the founders in 2025 for a multiple of gross profit.