Beyond Frames
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Beyond Frames maintains its 38% shareholding in minority-owned Odd Raven Studios AB in a strategically directed share issue
Beyond Frames Entertainment AB has maintained its pro rata shares of 38% shareholding in a directed share issue in minority-owned Odd Raven Studios AB, aimed at gaining a new strategic shareholder. The pro rata shares of 38% in the share issue corresponds to approximately 2 MSEK.
Beyond Frames gave its full support to Odd Raven and the new strategic shareholder, who took a 10% stake in the shares at a valuation of 3 MSEK. The Odd Raven founders, together with the Minority Shareholders, maintain a 52% controlling stake.
"We're excited to have this strategic addition joining us on Odd Raven's cap table. We see a lot of value being added through this partnership," says Ace St. Germain, CEO of Beyond Frames.