Gaming Innovatio Group - Issue of new shares

Gaming Innovation Group Inc. (GiG) has today issued 4,267,112 new shares of its common stock to a group of investors to finance the equity part of the acquisition of AskGamblers and related affiliates, ref. announcement from GiG on 19 January 2023.

In addition, GIG has today issued 78,400 new shares of its common stock in connection with exercise of options, whereof 66,400 to employees exercising options in 2022, ref announcements from GiG on 2 September 2022 and 9 November 2022, where GiG borrowed shares for the transfer of the option shares to the employees. 

The new shares are issued by the Board of Directors under the Company's 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 122,786,526 to USD 127,132,038, and the number of outstanding shares has increased from 122,786,526 to 127,132,038 (par value USD 1.00). In addition, a total of 2,772,600 options are outstanding as of today.

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers.  GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com