Stockholm, 21 June 2022- We are thrilled to announce that RightBridge Ventures AB (“RBV” or the“Company”) has successfully closed a private placement of 10.1 million SEK. The placement represents ca. 6% stake in the Company.
The placement has been subscribed by a group of family offices with focus on esport, tech and gaming, as well as private investors with background into gaming. The Board of Directors and the CEO of the Company have also subscribed ca. 10%of the Placement. The CEO subscribed 3% of the share issue.
One of the objectives of the Placement has been to create the optimal liquidity and floating conditions for for RBV's future public trading of its shares. Abelco InvestmentGroup AB (“Abelco”), RBV’s largest shareholder, has supported this objective bynot subscribing shares in the Placement. Instead, Abelco has strengthened RBV’s shareholder distribution by offering free shares to investors who are not subject to lock–up agreements (“Investors”). Investors have received one free share per subscribed share. Abelco’s holdings in RBV amounts to 40,71% % after the share issue.
We are very satisfied with the outcome of the subscription that has taken place in the midst of world economic turbulence as well as volatility in the capital markets, and still, RBV has succeeded in attracting family offices and private investors that invest in RBV’s strong and innovative value proposition” says Johan Rooth, Chairman of RightBridge Ventures.
The proceeds of the Placement are intended to be used to close several transactions during 2022 and 2023, as well as to secure the working capital of RBV for at least the coming 12 months.
About RightBridge Ventures
RightBridge Ventures is an compounder and investment company based inStockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital entertainment industry. The intention of RBV board of directors is to present a motion for public listing of RBV during Q2 2022. For more information visit www.rightbridge.se or get updates by following us on Instagram and LinkedIn.