NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR 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 UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE 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 11th October 2023 and below 3% on 13th 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 |
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| Giasone (Jaz) Salati - Chief Financial Officer |
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| Michael Schauble - Chief Commercial Officer |
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| Berenberg (Nominated Adviser and Sole Broker) Mark Whitmore, Ciaran Walsh, Milo Bonser | Tel: +44 (0) 20 3207 7800 |
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| 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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