GDEV Announces an At-The-Market Offering

Company Overview - GDEV Inc is an international gaming and entertainment company with a diverse portfolio of gaming studios and franchises such as Hero Wars, Island Hoppers, and Pixel Gun 3D, which have accumulated hundreds of millions of installs worldwide [6] - The company operates through subsidiaries including Nexters and Cubic Games, focusing on developing and growing its franchise portfolio across various genres and platforms [6] ATM Offering Details - GDEV has entered into a Sales Agreement with Cantor Fitzgerald & Co and Oppenheimer & Co Inc to offer and sell 1,757,026 ordinary shares held in treasury through an "at the market offering" (ATM Offering) [1] - The shares being offered were previously acquired through a tender offer that expired in January 2024, and no new ordinary shares will be issued in connection with the ATM Offering [1] - The offering will be made pursuant to the company's registration statement on Form F-3 (Registration No 333-282062) and the related prospectus filed with the SEC on September 12, 2024 [2] - The shares will be sold at market prices prevailing at the time of sale or at prices related to such prevailing market prices, and the agents will use commercially reasonable efforts to sell the shares based on the company's instructions [2] Purpose of the ATM Offering - The reintroduction of the shares via the ATM Offering aims to bolster the trading liquidity of the shares by increasing its public float [4] - The company intends to use the net proceeds from the ATM Offering primarily for general corporate purposes, including working capital [4] Availability of Prospectus - Copies of the prospectus relating to the ATM Offering may be obtained from Cantor Fitzgerald & Co and Oppenheimer & Co Inc, or by visiting EDGAR on the SEC's website [2][3]