Wicket Gaming AB (publ) carries out a directed issue of shares of approximately SEK 5 million and raises a loan of SEK 15 million

Wicket Gaming AB (publ) (“Wicket Gaming” or the “Company”) has, with the support of the authorization from the Annual General Meeting on March 16, 2021, completed a directed issue of 277,778 shares (the “Directed Issue”) to a strategic investor. The subscription price amounted to SEK 18 per share, which corresponds to a discount of approximately 9 percent comparison to the closing price on May 24, 2022. The company will receive approximately SEK 5 million through the Directed Issue. In connection with the Directed Issue, the Board of Directors proposes, subject to the support of the authorization from the Annual General Meeting on May 25, 2022, to issue 277,778 warrants free of charge (the “Warrants”) to the investor in the Directed Issue. One (1) warrant entails the right to subscribe for one (1) share in the Company at a subscription price of SEK 25 per share during the period 1 June 2022 up to and including 31 May 2023. Upon full exercise of the Warrants, the Company will receive an additional approximately SEK 7 million. The company has also chosen to raise a loan of SEK 15 million (the "Loan"). In total, the capital injection amounts to approximately SEK 20 million before issue costs. The capital injection is intended to be used to complete the acquisition of Wegesrand Verwaltungsgesellschaft mbH and accelerate the growth of the Company's operations.

Background and motive

The Company carries out the Directed Issue, Warrants and Loan to raise capital in a time- and cost-effective manner to complete the acquisition of Wegesrand Verwaltungsgesellschaft mbH and to finance investments required to accelerate the Company's growth. In addition, Wicket Gaming's shareholder base will be strengthened with a strategic shareholder in connection with the issue.

The Directed Issue

The Board of Directors of Wicket Gaming AB (publ) has, with the support of the authorization from the Annual General Meeting on March 16, 2021, decided on a directed issue of 277,778 shares to a known investor of the Company. The subscription price in the Directed Issue amounted to SEK 18 per share, which corresponds to a discount of approximately 9 percent comparison to the closing price on May 24, 2022. Through the Directed Issue, the Company will receive approximately SEK 5 million.

In connection with the Directed Issue, the Board of Directors of the Company proposes that, subject to the support of the authorization from the Annual General Meeting on May 25, 2022, issue 277,778 warrants free of charge to the investor in the Directed Issue. One (1) warrant entails the right to subscribe for one (1) share in the Company at a subscription price of SEK 25 per share during the period 1 June 2022 up to and including 31 May 2023. Upon full exercise of the Warrants, the Company will receive an additional approximately SEK 7 million.

The investor in the Directed Issue has undertaken not to sell any of the acquired shares and warrants until 31 August 2022.

Through the Directed Issue, the share capital will increase by SEK 277,778.00 through the issue of shares, from SEK 6,263,316.00 to SEK 6,541,094.00, corresponding to a dilution of approximately 4.25 percent. Upon full exercise of the Warrants, the share capital will increase by an additional SEK 277,778.00 to SEK 6,818,872.00, corresponding to a dilution of approximately 4.07 percent.

The Loan

The lender is Formue Nord Fokus A/S. The loan of SEK 15 million is raised on market terms (12 percent annual interest) and runs until November 24, 2023. The company has the right to repay the loan in advance during the duration of the Loan. The lender has the right to offset the entire Loan for shares in the Company at a fixed price of SEK 25 per share during the duration of the Loan.

Financial Adviser

Mangold Fondkommission AB is financial adviser to Wicket Gaming in connection with the Directed Issue and the Loan.

For further information, please contact:
Eric De Basso, CEO                                                             

Wicket Gaming AB (publ)                                  

E-mail: eric@wicketgaming.com

Phone: +46 70 780 52 00                                                                   

About Wicket Gaming AB

Wicket Gaming is a Swedish game development company founded in 2015. The company's business concept is based on developing and distributing so-called free-to-play games in the sports genre based on proprietary brands. Since its inception, the Company has worked to develop its first title, Cricket Manager, which is a manager game in cricket for mobile devices that aims to create and own its own cricket club and compete against other players around the world. The goal is to create one of the world's most popular cricket manager games for mobile devices and to use a technical platform to broaden the game portfolio to include other sports manager games.

For more information, see Wicket Gaming's website www.wicketgaming.com

This disclosure contains information that Wicket Gaming AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person, on May 25 21:45 CET.