Aspire Global applies for delisting of shares due to NeoGames merger

The Aspire Global board of directors has applied for a delisting of the company’s shares from the Nasdaq First North Premier

The Aspire Global get on of directors has applied for a delisting of the company’s shares from the Nasdaq First Frederick North Premier.

NeoGames requested the application, as the company aims to finalise its takeover of Aspire Global. As of 4 June 2022, NeoGames held about 98.25% of the tot up spectacular shares and votes in Aspire, and NeoGames has since requested a required buyback of the remaining shares.

The in conclusion twenty-four hours for trading inwards Aspire shares on Nasdaq First Frederick North Premier is in time to live announced, but testament live known as soon as the fellowship receives a response from Nasdaq Stockholm AB.

NeoGames made the proffer to win Aspire on 17 January 2022 for a price of SEK 111.00 ($12.29) per share. At the time, the companionship was valued at between $500m-600m.

The Rock of Gibraltar Gambling Commission and the North Macedonia Competition Authority issued approvals for the takeover in May 2022.

On 30 May 2022, NeoGames extended the acceptance period, originally 25 May 2022, to 14 June 2022 at 5.00pm (CEST), to give Aspire shareholders more time to have the terms of the offer.

As per the terms laid out in the agreement, Aspire testament take toto human action severally after the takeover, seemly component part of the wider group as an iGaming division. Aspire CEO Tshashi Maimon testament remain in position and be decreed as President of the NeoGames Group.

Speaking inwards Jan 2022, Maimon said: “I strongly believe that the 2 companies are wellspring matched with a self-coloured ethnical connexion forged o'er many years of working together, which testament facilitate meaningful revenue synergies."