07 October 2020
Effective 7th of October 2020. With reference to the recently announced acquisition of Gamma Innovation Inc. (“Gamma”) from Animoca Brands Limited (“Animoca”), the Board of RightBridge Ventures AB (“RBV”) wishes to inform the market that upon further re-assessment of RBV’s business objectives and operational environment requirements, RBV and Animoca have jointly decided that Gamma is not a right fit to RBV portfolio.
Consequently, RBV and Animoca have jointly agreed to sign a deed of termination with the ownership of Gamma to be reverted to Animoca.
The Board of RBV wishes to thank Animoca for the extensive cooperation and support that Animoca has provided to RBV and hope that there will be future collaboration opportunities.
Abelco Investment Group AB (“Abelco”) and Abelco’s main shareholder, Fatfish Group Limited, have jointly expressed continuous support and confidence in RBV and its management in this strategic decision, with a further investment of 1.4 million SEK to accelerate the execution of its business plan and IPO process