Sale of Gamma Innovations to RightBridge Ventures cancelled
8 October 2020: Animoca Brands Corporation Limited (“Animoca Brands” or the “Company”) wishes to inform shareholders of the cancellation of the sale of Gamma Innovations Inc. (“Gamma”) to RightBridge Ventures AB (“RightBridge Ventures”). The proposed sale was originally announced on 18 August 2020 (refer to the original announcement).
RightBridge Ventures and Animoca Brands jointly decided not to proceed with the transaction, and have entered into an agreement effective 7 October 2020 to mutually terminate the acquisition of Gamma. As a result, no new Rightbridge shares will be issued to Animoca Brands.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.