TIDMTBLD
RNS Number : 1841A
tinyBuild, Inc.
18 January 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, TO OR FOR THE ACCOUNT OR BENEFIT OF US PERSONS, AS
DEFINED IN REGULATION S PROMULGATED UNDER THE US SECURITIES ACT OF
1933, AS AMENDED (THE "US SECURITIES ACT"), OR IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
For immediate release
18 January 2024
tinyBuild, Inc.
(the "Company" and together with its subsidiaries "tinyBuild" or
the "Group")
Intention to adjourn the Special Meeting, Importance of Vote and
Results of Open Offer
tinyBuild (AIM:TBLD), a premium video games publisher and
developer with global operations, is providing an update on the
proposed Fundraise announced on 21 December 2023 and the Circular
to Stockholders posted on 22 December 2023 convening the Special
Meeting.
Intention to adjourn the Special Meeting
The Company has been notified that certain significant
Stockholders were unable to cast their votes in support of both
Resolutions ahead of the deadline due to the various public
holidays over the Special Meeting notice period and other
administrative vote requirements. In order to enable these
significant Stockholders to vote, the Directors believe the best
course of action is to adjourn the Special Meeting later today.
The Company therefore announces that its Special Meeting due to
be held later today is expected to be adjourned to 26 January 2024
(the "Adjourned Meeting") with further details to be released later
today. Valid proxy votes submitted in respect of the Special
Meeting will be counted at the Adjourned Meeting. The Company has
received more than 99% of the votes cast to date in favour of both
the Resolutions and therefore the Board is confident that the
Resolutions will be passed at the Adjourned Meeting.
Importance of the Vote
The Company reiterates that if the Resolutions are not passed at
the Special Meeting or any Adjourned Meeting, the Fundraise will
not take place and the proceeds of the Fundraise will not be
received by the Company.
Failure to conclude the Fundraise by the end of January 2024
will materially compromise the Group's ability to meet its
financial obligations as they fall due. In the unlikely event the
Resolutions are not passed at the Adjourned Meeting, the CEO has
indicated he is willing to support the Company. Failure to secure
alternative forms of finance on commercially acceptable terms or at
all could have a material adverse effect on the Group's business,
financial condition, prospects, capital resources, cash flows,
share price, liquidity, results and/or future operations.
Results of Open Offer
The Company announces the closing of the Open Offer, and that it
has received valid applications, including those received under the
Excess Application Facility, in respect of a total of 4,844,179 new
Shares, totalling GBP242,208.95. Qualifying Shareholders who have
validly applied for Open Offer Shares pursuant to their Basic and
Excess Shares Entitlement, will receive their application in full
assuming the Resolutions are passed at the Special Meeting.
Further information on the Fundraise and voting at the Special
Meeting can be found on the Company's website at:
https://www.tinybuildinvestors.com/documents-and-presentations.
Stockholders should direct any questions on how to submit their
votes to their financial adviser, broker or to the Company's
registrar Link Group on (+44) 0371 664 0391 or via email at
shareholderenquiries@linkgroup.co.uk.
Capitalised terms used, but not otherwise defined in this
announcement are as defined in the Circular published on 22
December 2023.
For further information please contact:
tinyBuild, Inc investorrelations@tinybuild.com
Alex Nichiporchik - Chief Executive Officer
Giasone (Jaz) Salati - Chief Financial
Officer
Michael Schauble - Chief Commercial Officer
Berenberg (Nominated Adviser and Sole Tel: +44 (0) 20 3207
Broker) 7800
Mark Whitmore, Ciaran Walsh, Milo Bonser
SEC Newgate (Financial PR) tinybuild@secnewgate.co.uk
Robin Tozer, Harry Handyside, Molly Gretton +44 (0)7540 106366
About tinyBuild:
Founded in 2013, tinyBuild (AIM: TBLD) is a global video games
publisher and developer, with a catalogue of more than 80 premium
titles across different genres. tinyBuild's strategy is to focus on
its own intellectual property (IP) to build multi-game and
multimedia franchises, in partnership with developers.
tinyBuild is headquartered in the USA with operations stretching
across the Americas and Europe. The Group's broad geographical
footprint enables the Company to source high-potential IP, access
cost-effective development resources, and build a loyal customer
base through its innovative grassroots marketing.
tinyBuild was admitted to AIM, a market by the London Stock
Exchange, in March 2021.
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