RightBridge Ventures decides to initiate arbitration proceedings due to broken lock-up agreement.

RightBridge Ventures Group AB ("RightBridge" or the "Company") communicated on January 31, 2023 that the Company has requested a penalty payment due to a broken lock-up agreement. The Company's Board of Directors has now decided to initiate arbitration proceedings against the counterparty Blue Horizon Investment ApS ("Blue Horizon").

In 2022, the Board realized that Blue Horizon had sold all of its shares in the Company. Blue Horizon has thus not fulfilled its obligations under the terms of the lock-up agreement nor paid the requested penalty. Considering this, the Board of Directors of RightBridge, after negotiating and offering all opportunities for dialogue, has now initiated arbitration proceedings against Blue Horizon. The Company will continuously update on the course of events as it develops.

For further questions, please contact:

Carlos Barrios - CEO RightBridge Ventures Group AB  
Telefon: +46 705 112579
E-post: carlos.barrios@rightbridge.se

RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on Twitter on Instagram and LinkedIn.

RightBridge Ventures Group AB (publ)'s shares are traded on the Nasdaq First North Growth Market and Amudova AB is a Certified Adviser.