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Final result of Next Games’ rights offering
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, HONG KONG, JAPAN, CANADA OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
The final result of Next Games Corporation’s (“Next Games” or the “Company”) rights offering (“Offering”), which ended on 16 October 2019, shows that all the offered 9,298,430 shares (“Offer Shares”) were subscribed for in the Offering. A total of 3,928,234 shares were subscribed for pursuant to the exercise of subscription rights and 430,100 shares were subscribed for without subscription rights, i.e. a total of 4,358,334 shares, representing approximately 46.9 percent of the Offer Shares. Subscriptions pursuant to the subscription commitments from Jari Ovaskainen and AMC Network Ventures LLC amount to 4,940,096 shares in addition to their pro rata subscriptions, representing approximately 53.1 percent of the Offer Shares.
The Board of Directors of Next Games has today approved all subscriptions made pursuant to the exercise of subscription rights, subscriptions made without subscription rights as well as the subscriptions made pursuant to the subscription commitments, in accordance with the terms and conditions of the Offering. The subscription price was EUR 0.86 per Offer Share and Next Games raised gross proceeds of approximately EUR 8 million through the Offering. As a result of the Offering, the number of shares in the Company will increase by 9,298,430 shares from 18,610,270 shares to 27,908,700 shares.
The Offer Shares will be registered with the Finnish Trade Register on or about 22 October 2019. The last day of trading in interim shares on Nasdaq First North Growth Market Finland market place (“First North”) will be on or about 22 October 2019. Interim shares will be combined with the existing shares of the Company on or about 23 October 2019. Trading in the Offer Shares is expected to commence on First North on or about 23 October 2019.
The Offer Shares will entitle their holders to full shareholder rights in the Company after they have been registered with the Finnish Trade Register and recorded in the Company’s shareholder register maintained by Euroclear Finland Oy.
Danske Bank A/S, Finland Branch (“Danske Bank”) acts as the lead manager in the Offering and Castrén & Snellman Attorneys Ltd as the legal advisor to the Company and Danske Bank.
Next Games
Next Games is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. In summer 2018, Next Games launched The Walking Dead: Our World, which utilizes cutting edge AR technology and is powered by Google Maps. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Nexus, for the popular Blade Runner franchise and a mobile game based on Netflix’s Stranger Things.
Important notice
The information contained herein is not for publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, South Africa, Singapore or the United States. The issue, exercise or sales of securities in the Offering are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published by the Company.
These written materials do not constitute an offer for sale of securities in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The Company has not authorised any offer to the public of securities in any member state of the European Economic Area other than Finland. With respect to each member state of the European Economic Area, no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council.
The information contained herein shall not constitute a public offering of shares in the United Kingdom. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this document relates will be only available to, and will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
The information contained in this document is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. The information in this document is subject to change. Any subscription for securities should be made solely on the basis of the information contained in the offering circular to be issued by the company in due course.
This document contains certain forward-looking statements. These forward-looking statements involve risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to these uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as at the date of this document. The company disclaims any obligation to update any forward-looking statements contained in this document, except as required pursuant to applicable law.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Final result of Next Games’ rights offering

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Chengdu Set to Host BLAST Dota Slam Arena Event This December as Part of Three-Year Deal
Competitive entertainment company BLAST has announced its debut arena event in mainland China with the BLAST Dota Slam Chengdu, set to take place 5–7 December 2025 at the Wuliangye Chengdu Performing Arts Centre, in collaboration with the Chengdu Television and Media Company.
The world’s best Dota 2 teams will battle it out for glory and a $1,000,000 prize pool, in front of thousands of fans inside the arena and millions more watching across the globe. The event will be broadcast live in more than 50+ territories and 30+ languages, further showcasing Chengdu on the global esports stage.
The event will be delivered as part of a close partnership and multi-year agreement with Chengdu Television and Media Company, with follow-up tournaments to be confirmed for in the future.
The Wuliangye Chengdu Performing Arts Centre is a state-of-the-art, 12,000-seat venue designed to host world-class concerts, live performances and major entertainment events.. As one of Chengdu’s landmark cultural venues, the Centre features cutting-edge facilities and versatile design, reinforcing the city’s reputation as a global destination for entertainment and live experiences.
The partnership with Chengdu Television and Media Company will ensure the event combines BLAST’s world-class production with strong local storytelling and cultural integration. This collaboration marks a significant moment in the development of esports in Chengdu, supporting the city’s ambitions to position itself as a hub for live entertainment and competitive gaming in Asia. The city is also set to host the 2025 League Of Legends World Championship Final in Chengdu in November 2025, and has a long history of hosting esports events right back to 2009.
James Woollard, Director of Market Development at BLAST, said: “We are incredibly proud to bring BLAST’s first ever event in mainland China to Chengdu; a city with rich culture, cutting-edge infrastructure, a history of live entertainment and a growing reputation for gaming and esports. Entering the buoyant and growing Chinese esports and gaming space – one of our fastest growing viewership markets – is hugely important, and partnering with Chengdu Television and Media Company allows us to combine our global competitive entertainment pedigree with trusted local expertise to deliver something truly special. The Phoenix Mountain Sports Park Arena is a phenomenal venue, and we can’t wait to create landmark esports moments there this December as part of a multi-year partnership.”
Zhou Wenwen, General Manager of Chengdu Broadcasting Film and Television Group, said, “We are very glad to cooperate with BLAST and bring a world-class esports experience to Chengdu. The BLAST Slam is not only a competitive feast for fans all over the world, but also an important opportunity to showcase Chengdu as an international cultural, sports and entertainment destination. We believe that the cooperation between the two sides in the next three years will surely inject strong fuel into the development of the esports industry in Chengdu and make significant contributions. “
BLAST Dota Slam Chengdu is expected to deliver significant economic and cultural impact for Chengdu. Esports has become a powerful platform for cities worldwide, attracting young and engaged visitors, driving tourism and investment and reinforcing international visibility.
With major BLAST events in 2025 already staged in Rio, London, Lisbon, Austin, Boston, Singapore and Hong Kong, Chengdu now joins the global circuit of landmark esports destinations.
The first direct invites for the event have been announced with Tundra, Heroic, Team Spirit, Team Falcons, Parivision and Team Liquid all set to compete for a spot in the BLAST Slam Chengdu in December.
Fans can sign up at BLAST.tv to be the first to receive ticketing updates, exclusive news and pre-sale access for BLAST Dota Slam Chengdu.
The post Chengdu Set to Host BLAST Dota Slam Arena Event This December as Part of Three-Year Deal appeared first on European Gaming Industry News.
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Red Rake Gaming launches its latest title, Azteca Gold Collect, a vibrant and thrilling video slot that transports players to the heart of the ancient Aztec civilization. With colorful visuals and action-packed gameplay, this 5×3, 25-payline slot is designed to deliver a gaming experience full of surprises, accumulating wins, and innovative features.
At the core of the game are the Azteca Gold symbols, appearing on reels 1 to 4 and each containing individual win values. When an Azteca Collect symbol lands on reel 5, it instantly gathers all visible Azteca Gold values, awarding the total as an immediate win to the player. But that’s only the beginning.
During the base game, several Collect-type modifiers can be triggered, significantly boosting win potential:
- Azteca Plus adds an extra amount to each Azteca Gold symbol before collection.
- Azteca Multiplier applies a multiplier to all Azteca Gold symbols on the screen.
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- Azteca Respin locks all Azteca Gold symbols in place and awards a respin, increasing the potential win.
The Free Spins feature is activated by landing three BONUS symbols on reels 1, 3, and 5, awarding 16 free spins. During this feature, Azteca Gold and Collect symbols remain active, but with an exciting twist: all wins from Azteca Gold symbols are added to a special pot, even if no Collect symbol lands on that spin. At the end of the feature, the accumulated pot is transformed into a giant Azteca Gold symbol, which is placed back on the reels for one final respin. If a Collect symbol appears on that spin, the player wins the entire accumulated amount!
Additionally, landing three BONUS symbols during the free spins awards 8 extra spins, extending the excitement and winning opportunities.
With its powerful mix of instant wins, special features, and a free spins feature with an accumulating pot, Azteca Gold Collect is the perfect addition for operators seeking visually stunning, entertaining slots packed with high-performing mechanics.
With this new release, Red Rake Gaming continues to expand its portfolio with dynamic and innovative slots designed for all markets. As with the rest of the company’s games, this slot is fully integrated into Red Rake Gaming’s renowned tournament tool, further enhancing player engagement and entertainment.
The post New slot Azteca Gold Collect: Guaranteed Wins and Respins appeared first on European Gaming Industry News.
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Think you can handle the heat? Then take the reign of fire in Royal Blaze, the latest classic slot release from in-demand iGaming content provider, ICONIC21.
This is a game of thrones where players do battle across a 3×5 reel kingdom and where five paylines remain active at all times.
Royal Blaze really does burn with fire and intensity – every spin feels alive, driven by the game’s bold design and a rhythm that builds and builds, and never slows down.
But there are some important symbols to collect along the way.
The Crown Wild expands filling the reel and lifting the action and big win potential higher and higher.
Then there are Scattered Diamonds in classic blue and yellow, and they pay wherever they land.
Royal Blaze is sleek, radiant and made for discerning players who want their gameplay to be sharp, confident and with plenty of heat.
As with all the provider’s slots, Royal Blaze is offered in real-money and social/sweepstakes formats to meet the demand it’s already experiencing from both types of operators for its existing suite of games.
Edvardas Sadovskis, CPO at ICONIC21, said: “Royal Blaze is a slot that rolls out the red carpet and turns up the heat for players looking to take the big win crown.
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The post Claim the Crown in Royal Blaze from ICONIC21 appeared first on European Gaming Industry News.
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