FSport AB (publ)

FSport AB (publ) (the ”Company” or ”FSport”) announces that the Company’s rights issue of up to 28,845,420 shares (the ”Rights Issue”), in which the subscription period ended on 25 May 2023, has been completed. The Rights Issue has been subscribed for to approximately 97 per cent. 5,142,120 shares were subscribed for with subscription rights and 22,834,153 shares were subscribed for without subscription rights, corresponding to a total of approximately 97 per cent of the Rights Issue. Through the Rights Issue, FSport receives approximately SEK 7.3 million before deduction of issue costs. The proceeds from the Rights Issue will primarily be used to finance marketing of gaming products and expansion of the Company’s distribution and commercial reach through gaming portals in existing and new markets.

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS, SWITZERLAND, SINGAPORE OR IN ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES.

Outcome of the Rights Issue
The subscription period in the Rights Issue ended on 25 May 2023. In total, 27,976,273 shares were subscribed for with and without subscription rights, corresponding to approximately 97 percent of the Rights Issue. 5,142,120 shares were subscribed for with subscription rights, corresponding to approximately 17.8 percent, while 22,834,153 shares were subscribed for without subscription rights, corresponding to approximately 79.2 percent of the Rights Issue. Through the Rights Issue, the Company receives approximately SEK 7.3 million before deduction of issue costs of approximately SEK 0.8 million.

CEO, Staffan Lindgren comments
”We are very thankful for the strong support shown in the Rights Issue, which confirms our belief in the Company’s future and potential. The Rights Issue, which was subscribed to approximately 97 per cent, will strengthen our position in both existing and new markets. It is an important step for the Company’s growth. We look forward to creating value for all our shareholders”, says Staffan Lindgren, CEO of FSport AB.

Notice of allotment and delivery
Allocation of shares subscribed for without subscription rights has been made in accordance with the principles stated in the memorandum published on 9 May 2023. Notice of allocation of shares subscribed for without subscription rights will be sent via a separate contract note. Nominee-registered shareholders will receive notification of allotment in accordance with the respective nominee’s procedures.

Trading in so-called paid subscribed shares (BTA) will take place on Nasdaq First North Growth Market until the conversion of BTA to shares. The conversion will take place after the Rights Issue has been registered with the Swedish Companies Registration Office, which is expected to take place during week 24, 2023.

Changes in share capital and number of shares
After completion of the Rights Issue, the number of shares in FSport will increase by 27,976,273, from 19,230,288 to 47,206,561 shares, and the share capital will increase by SEK 1,748,517.063, from SEK 1,201,893.00 to SEK 2,950,410.063, corresponding to a dilution effect of approximately 59.3 per cent of the votes and capital in the Company.

Advisors
Corpura Fondkommission AB, www.corpura.se, is financial advisor and Advokatfirman Delphi is legal advisor to FSport in connection with the Rights Issue. Nordic Issuing AB acts as issuing agent.

ABOUT FSPORT AB (PUBL)

FSport AB (Publ) is a Sweden-based iGaming platform developer and operator. Its product, PoolX, provides entertaining mobile sports gaming using proprietary technology. The company is innovating the Daily Fantasy Sports industry with its LIVE-focused casual game format, aiming to reach and engage a wider audience. FSport also operates an in-house media division, which includes Swedish betting and horseracing portals such as www.1X2.se, www.trav.se and www.hockeystakes.com. These portals provide lead generation services to its own brands and the broader iGaming industry. The company’s shares are listed on Stockholm’s Nasdaq First North Growth Market.