Wicket Gaming proposed to change name to edyoutec AB - emphasizes new focus on EdTech and Artificial Intelligence
The board of Wicket Gaming AB proposes that the company change its name to edyoutec AB (publ).
In addition to the name change, it is proposed that the articles of association be amended to read: "The company shall develop, market and sell digital solutions in education(education technology) and artificial intelligence(AI) and games, as well as engage in activities compatible therewith."
The name change and change of the object of business require changes in the articles of association. The proposal for changes to the articles of association will be presented at an extraordinary general meeting that will take place on November 7, 2023
Eric de Basso, CEO of Wicket Gaming, comments:
"Through the name change, we want to give increased visibility to our edtech business that started with the acquisition of the German Wegesrand group and which we intend to expand and deepen through further acquisitions and strategic investments in Artificial Intelligence."
"EdTech is one of the fastest growing segments within the IT industry* and education and learning is considered to be at the beginning of its digitization journey according to the organization Swedish Edtech Industry. At the same time as we take a strong step into the EdTech industry, we continue to develop our games with which we intend to reach publishing agreements. In this way, the company can receive income from two strong global segments. We will shortly present the new strategic direction," says Eric De Basso, CEO.
*The global EdTech market is expected to reach $404 billion by 2025, according to think tank Holon IQ.
Extraordinary general meeting
The extraordinary general meeting will be held on November 7, 2023 in Stockholm. Notice of the extraordinary general meeting will be published through a separate press release in close connection with this press release. In addition to changing the company name and the object of business, proposals for changes to the limits of the articles of association for the share capital and the number of outstanding shares will also be considered at the meeting.
For further information, please contact:
Eric de Basso, CEO, Wicket Gaming AB
E-mail: eric@wicketgaming.com
Phone: +46 70 780 52 00
About Wicket Gaming
Wicket Gaming is a Swedish gaming and digital education company consisting of two verticals, Games and EdTech. Within the Games vertical, the business idea is based on developing and distributing free-to-play games ("F2P") within mobile games for Android and iOS. Within EdTech, the Company focuses on developing products in genres such as Game-based Learning and Serious Games, it is in these areas that Wicket Gaming has identified the greatest synergies between the Company's two verticals.
For more information, see Wicket Gaming's website www.wicketgaming.com
Wicket Gaming proposed to change name to edyoutec AB - emphasizes new focus on EdTech and Artificial Intelligence
The board of Wicket Gaming AB proposes that the company change its name to edyoutec AB (publ).
In addition to the name change, it is proposed that the articles of association be amended to read: "The company shall develop, market and sell digital solutions in education(education technology) and artificial intelligence(AI) and games, as well as engage in activities compatible therewith."
The name change and change of the object of business require changes in the articles of association. The proposal for changes to the articles of association will be presented at an extraordinary general meeting that will take place on November 7, 2023
Eric de Basso, CEO of Wicket Gaming, comments:
"Through the name change, we want to give increased visibility to our edtech business that started with the acquisition of the German Wegesrand group and which we intend to expand and deepen through further acquisitions and strategic investments in Artificial Intelligence."
"EdTech is one of the fastest growing segments within the IT industry* and education and learning is considered to be at the beginning of its digitization journey according to the organization Swedish Edtech Industry. At the same time as we take a strong step into the EdTech industry, we continue to develop our games with which we intend to reach publishing agreements. In this way, the company can receive income from two strong global segments. We will shortly present the new strategic direction," says Eric De Basso, CEO.
*The global EdTech market is expected to reach $404 billion by 2025, according to think tank Holon IQ.
Extraordinary general meeting
The extraordinary general meeting will be held on November 7, 2023 in Stockholm. Notice of the extraordinary general meeting will be published through a separate press release in close connection with this press release. In addition to changing the company name and the object of business, proposals for changes to the limits of the articles of association for the share capital and the number of outstanding shares will also be considered at the meeting.
For further information, please contact:
Eric de Basso, CEO, Wicket Gaming AB
E-mail: eric@wicketgaming.com
Phone: +46 70 780 52 00
About Wicket Gaming
Wicket Gaming is a Swedish gaming and digital education company consisting of two verticals, Games and EdTech. Within the Games vertical, the business idea is based on developing and distributing free-to-play games ("F2P") within mobile games for Android and iOS. Within EdTech, the Company focuses on developing products in genres such as Game-based Learning and Serious Games, it is in these areas that Wicket Gaming has identified the greatest synergies between the Company's two verticals.
For more information, see Wicket Gaming's website www.wicketgaming.com
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