Nexters Officially Releases Chibi Island, a New Farm and Adventure Mobile Game, After Successful Soft Launch
July 28 2021 - 9:00AM
Business Wire
Discover the secrets of the Pyramid as an
explorer in this colorful, multifaceted mobile game
Players are welcome to land and explore the new farm and
adventure game, Chibi Island, available on iOS and Google Platform.
The official launch brings with it a fully-featured version of
Chibi Island updated with new Match3 play as well as daily quests,
and new in-game themes including Wild West and ancient China. These
new additions help Chibi Island players enjoy months of
gameplay.
The title is developed and published by Nexters, an
international game development company which strives to introduce
the joy of core gaming experiences to casual players, and is
expected to finalize a business combination with Kismet Acquisition
One Corp (Nasdaq: KSMT, KSMTU, KSMTW) by the end of Q3 2021.
Chibi Island has been in live testing since it had a “soft
launch” in December 2020 with a limited set of features and
content. It has been continuously updated since then with
improvements to the game coming via player feedback and analysis of
internal game performance metrics. To date, Chibi Island's metrics
have exceeded its creators' expectations, with data collected
between January and April of 2021 showing the game doubling the
retention and average play session benchmarks set by Hero Wars,
Nexters’ most successful game.
Chibi Island succeeds Island Experiment, a casual farm game
first launched on social media channels back in 2014, with nearly
30 million installs to date. Despite the significant player base,
the Nexters development team saw a need for a major overhaul to the
game to grow the title’s popularity. The new vision was based on a
much deeper, more engaging storyline and additional game mechanics.
After extensive analysis, the team came to the decision to realize
the new concept as an entirely new game.
Chibi Island inherits the visual style and main heroes from
Island Experiment. Now, our heroes will explore the island to
unleash the mystery of the Pyramid with more diversity in gameplay
and a more transparent in-game economy for improved farm
management. But the key upgrade is the completely new approach to
storytelling. It is a much deeper narrative with several engaging
plotlines that come together in the big finale, and additional care
has been taken to better develop the characters of the game. There
is also a stronger mutual integration between the story and
gameplay.
The launch extends an exciting month for Nexters, which recently
announced in relation to its SPAC merger deal that it secured $50
million of PIPE investments from Mubadala Investment Company and
VPE Capital, which when paired with $50 million from Kismet Sponsor
Limited, meets the minimum cash condition required under the
business combination agreement. The SPAC merger deal is now
expected to close by the end of Q3, 2021.
About Nexters
Nexters is an international game development company which
strives to introduce the joy of core gaming experiences to casual
players. Thanks to such hit games like Hero Wars, Throne Rush, and
others the company reached over 200 million installs worldwide and
became one of the top five independent mobile game companies in
Europe. Headquartered in Cyprus, Nexters is built upon a team of
500+ inspired game developers. Please find more information about
Nexters at: https://nexters.com and follow Nexters on LinkedIn and
Twitter.
About SPAC deal between Nexters and Kismet Acquisition
One
On February 1, Nexters and Kismet Acquisition One Corp
(“Kismet”) announced entered into a definitive business combination
agreement that is expected to result in Nexters becoming a
publicly-listed company on Nasdaq. The transaction, which placed
Nexters at an enterprise value of $1.9 billion, will be funded by
approximately $250 million of cash held in trust by Kismet, subject
to potential redemptions, as well as the additional $50 million
investment by the SPAC Sponsor, Kismet Sponsor Limited, and $50
million in the aggregate from PIPE investors Mubadala Investment
Company and VPE Capital. The transaction is expected to close by
the end of Q3 2021. Please find more information about this
business combination at: https://nexters.com/investors_content.
DISCLAIMERS
This press release shall neither constitute an offer to sell or
the solicitation of an offer to buy any securities, nor there any
sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
Use of Projections. The financial projections, estimates
and targets in this press release are forward-looking statements
that are based on assumptions that are inherently subject to
significant uncertainties and contingencies, many of which are
beyond Kismet’s and Nexters’ control. Although all financial
projections, estimates and targets are necessarily speculative,
Kismet and Nexters believe that the preparation of prospective
financial information involves increasingly higher levels of
uncertainty the further out the projection, estimate or target
extends from the date of preparation. The assumptions and estimates
underlying the projected, expected or target results are inherently
uncertain and are subject to a wide variety of significant
business, economic and competitive risks and uncertainties that
could cause actual results to differ materially from those
contained in the financial projections, estimates and targets. The
inclusion of financial projections, estimates and targets in this
press release should not be regarded as an indication that Kismet
and Nexters, or their representatives, considered or consider the
financial projections, estimates and targets to be a reliable
prediction of future events.
Additional Information; Participants in the Solicitation.
Nexters has filed a registration statement with the SEC that
includes a preliminary proxy statement of Kismet and a preliminary
prospectus of Nexters (the “proxy statement/prospectus”). The
definitive Proxy Statement/Prospectus will be mailed to Kismet’s
shareholders as of a record date to be established for voting on
the contemplated business combination when it becomes available.
Kismet shareholders and other interested persons are urged to read
the proxy statement/prospectus and any other relevant documents
filed with the SEC because they contain important information about
Kismet, Nexters and the contemplated business combination. Kismet
shareholders will be able to obtain a free copy of the proxy
statement/prospectus, as well as other filings containing
information about Kismet, Nexters and the contemplated business
combination, without charge, at the SEC’s website located at
www.sec.gov.
Kismet, Nexters and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from Kismet’s shareholders in connection with the proposed
transaction. A list of the names of such directors and executive
officers and information regarding their interests in the business
combination are contained in the proxy statement/prospectus. You
may obtain free copies of these documents as described in the
preceding paragraph. This press release does not contain all the
information that should be considered in the contemplated business
combination. It is not intended to for many basis of any investment
decision or any decision in respect to the contemplated business
combination.
Forward Looking Statements. Certain statements in this
press release may constitute “forward-looking statements” for
purposes of the federal securities laws. Such statements are based
on current expectations that are subject to risks and
uncertainties. In addition, any statements that refer to
projections, forecasts or other characterizations of future events
or circumstances, including any underlying assumptions, are
forward-looking statements.
The forward-looking statements contained in this press release
are based on Kismet’s and Nexters’ current expectations and beliefs
concerning future developments and their potential effects on
Kismet and Nexters. There can be no assurance that future
developments affecting Kismet and Nexters will be those that Kismet
and Nexters have anticipated. Forward-looking statements involve a
number of risks, uncertainties (some of which are beyond Kismet’s
and Nexters’ control) or other assumptions. You should carefully
consider the risks and uncertainties described in the “Risk
Factors” section of the registration statement on Form F-4 relating
to the business combination, filed by Nexters and other documents
filed by Nexters and Kismet from time to time with the SEC. Should
one or more of these risks or uncertainties materialize, or should
any of Kismet’s or Nexters’ assumptions prove incorrect, actual
results may vary in material respects from those projected in these
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Kismet and
Nexters undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20210728005139/en/
Nexters Contacts:
PR: Andrey Akimov | Chief Communications Officer
aa@nexters.com
IR: Roman Safiyulin | Investor Relations Officer
r.safiyulin@nexters.com
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