tinyBuild, Inc. Importance of Vote - Holding in Company (4605Z)
January 12 2024 - 2:00AM
UK Regulatory
TIDMTBLD
RNS Number : 4605Z
tinyBuild, Inc.
12 January 2024
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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
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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.
For immediate release
12 January 2024
tinyBuild, Inc.
(the "Company" and together with its subsidiaries "tinyBuild" or
the "Group")
Importance of Vote
Holding in Company
tinyBuild (AIM:TBLD), a premium video games publisher and
developer with global operations, is today reminding stockholders
in the Company of the importance of the upcoming vote in connection
with the conditional Fundraise announced on 21 December 2023.
Importance of the Vote
Stockholders are required to vote in favour of the resolutions
for the Fundraise to proceed and have until 12.00 noon on 16
January 2024 and the Board of tinyBuild recommend all Stockholders
vote in favour of the Resolutions.
Please Note: Nominees and Brokers may have earlier internal
deadlines, therefore it is recommended that all Stockholders lodge
their instructions as early as possible in order to assure their
vote is placed on time.
If all the Resolutions are not passed at the Special Meeting,
the Fundraise will not take place and the proceeds of the Fundraise
will not be received by the Company. In particular, failure to
conclude the Fundraise will materially compromise the Group's
ability to meet its financial obligations as they fall due and, in
the opinion of the Board, likely result in the Group entering into
a chapter 11 bankruptcy or some other form of insolvency procedure
without alternative funding under which the prospects for recovery
of value, if any, by stockholders would be uncertain.
As set out in more detail in the circular sent to Stockholders
on 22 December 2023, if the Company does not receive the proceeds
of the Fundraise, the Company would have to seek other forms of
emergency financing. Whilst the CEO has indicated he is willing to
support the Company, no terms have been agreed beyond the proposed
Subscription and the Company is unable to provide any assurance
that alternative financing could be secured. Failure to secure
alternative forms of finance at all or 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.
Further information on the fundraise and the general meetings
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.
Update on holding in Company
The Company was notified by Swedbank on 11 January 2024 that
Swedbank reduced its respective holding in the Company to below 5%
on 11(th) October 2023 and below 3% on 13(th) October 2023.
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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