GiG Software

GiG Software P.L.C. completes EUR 4.699 million directed SDR issue

GiG Software P.L.C. (“GiG” or the “Company”) today announces the successful completion of a directed issue of shares, represented by Swedish Depository Receipts (“SDRs”), to a strategic investor, (the “Share Issue”). The Company intends to use the net proceeds from the Share Issue to strengthen its balance sheet, facilitate new business opportunities and for general corporate purposes.

The Board of Directors of GiG (“Board”) has today resolved on a directed issue of 8,000,000 SDRs to Hatcher Global Limited Partnership Fund, a partnership fund based in Hong Kong (“Subscriber”). The Share Issue will be effected by way of an issue of 8,000,000 shares in the Malta registered Company to Equro Issuer Service AS (“Equro”), followed by an issue of 8,000,000 Norwegian Depositary Receipts (“NDRs”), representing shares in the Company, by Equro to Pareto Securities AB (“Pareto”), and a subsequent issue of 8,000,000 SDRs, representing NDRs, by Pareto to the Subscriber.

The Share Issue is based on the general authorization granted to the Board under the Company’s Articles of Association, as reflected in the terms and conditions for the SDRs and the NDRs, which permit the Board to execute a directed issue of shares, NDRs and SDRs with deviation from preferential rights.  The Board believes the Share Issue is both appropriate and timely, reflecting the recent increase in trading volumes and positioning the Company for its next phase of growth. The additional capital will enhance the Company’s balance sheet, strengthening its financial position at a time when it is actively engaged in multiple competitive processes presenting new business opportunities. A stronger balance sheet is often a key requirement for large organisations when selecting strategic suppliers, and this Share Issue is expected to further enhance the Company’s credibility and ability to convert these opportunities into long-term partnerships. Further, the rationale for the deviation from the preferential rights is that a directed share issue, as compared to a rights issue with preferential rights, (i) can be completed in a short timeframe which mitigates the risk of a materially adverse effect on the price of the Company’s SDRs, (ii) results in lower transaction costs, (iii) enables the Company to act swiftly on strategic investments and business opportunities in line with its growth strategy, and (iv) diversifies the Company’s shareholder base whilst at the same time adding further strategic investors who can support the Company’s growth. Considering this, the Board has concluded that a directed issue of SDRs, deviating from preferential rights, is the most favorable alternative for the Company and in the best interest of the SDR holders.

The subscription price has been set to SEK 6.41 per SDR, reflecting the closing price of the Company’s SDR on Nasdaq First North Premier Growth Market (“First North”) on 5 June 2025. The Board’s assessment is therefore that the Share Issue was carried out on market terms. The Company will receive approximately EUR 4.699 million[1] in gross proceeds from the Share Issue, before deduction of transaction costs, which will be used to strengthen its balance sheet, facilitate new business opportunities and for general corporate purposes.

The Subscriber has entered into subscription undertakings in regard to its subscription of SDRs in the Share Issue. The subscription is subject to the receipt of funds. The subscription undertakings are not secured by bank guarantee, blocking funds, pledging or similar arrangements.

After the registration of the Share Issue, the total number of SDRs in the Company will amount to 136,431,908. The Company’s nominal share capital will increase with EUR 8,000, from EUR 134,707.97 to EUR 142,707.97. The Share Issue will result in a dilution of approximately 5.61 percent of the number of SDRs in GiG.

For further information, please contact:

GiG Software PLC    ir@gig.com
Richard Carter, Chief Executive Officer
Phil Richards, Chief Financial Officer

Vigo Consulting (Investor Relations)  Tel: +44 (0) 20 7390 0230
Jeremy Garcia / Kendall Hill / Peter Jacob
GiG@vigoconsulting.com

About GiG Software PLC

GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG’s proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG’s vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide.

GiG operates out of Malta and is listed on the Nasdaq First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.

The Company’s Certified Adviser is DNB Carnegie Investment Bank AB.

Find out more at www.gig.com.

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