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Gaming Innovation Group completes SEK 100 million directed share issue

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ST JULIANS, Malta, June 4, 2024 /PRNewswire/ — Gaming Innovation Group Inc. (“GiG” or the “Company”) today announces that the Company successfully has completed a directed share issue of approximately SEK 100 million from several well-renowned, long-term institutional investors (the “Share Issue”). Participants in the Share Issue also includes Jonas Warrer (CEO of GiG Media) and Richard Carter (CEO of GiG’s Platform & Sportsbook). The Company sees the Share Issue as an opportunity to broaden the shareholder base with high-quality investors, increase alignment among key executives and shareholders, as well as obtaining additional capital.

The Board of Directors of GiG has today resolved on an issue of 3,226,418 shares directed to certain new investors and existing shareholders. Participants in the Share Issue were i.e. Jonas Warrer (CEO of GiG Media), Richard Carter (CEO of GiG’s Platform & Sportsbook), Agerskov Kapital (investment vehicle for the founder of Traffic Lab), Knutsson Holding, Prioritet Finans, the Juroszek family and certain other well-renowned, long-term institutional investors investors.

The Share Issue is based on the general authorization to the Board of Directors under the 150,000,000 authorized shares, approved by the Special Meeting of Shareholders on 20 January 2022. The rationale for the Share Issue is to (i) broaden the shareholder base with new well-renowned investors (ii) increase alignment among key executives and shareholders, and (iii) obtain additional funding to secure working capital for the Platform & Sportsbook business prior to the planned split of the Company as well as general corporate purposes in a time- and cost-efficient manner.

The Company will receive approximately SEK 100 million (EUR 8.8 million) in gross proceeds from the Share Issue, before deduction of transaction costs. The subscription price has been set to SEK 31 per share as a result of negotiations on an arm’s length, which corresponds to a 1.3 percent discount compared to the closing price of the Company’s share on Nasdaq Stockholm today and equal to the average volume-weighted price of the Company’s share on the Nasdaq Stockholm over the past 10 trading days. GiG’s Board of Directors’ assessment is that the Share Issue was carried out on market terms.

“We have seen a lot of interest to increase the shareholding in GiG from existing investors and key executives, but also from new external parties. We are of course delighted that so many well-renowned investors share our view of growth opportunities going forward, and we are now better equipped to accelerate our growth both organically and through strategic acquisitions. Also, I am very pleased to see that our key executives are further aligning their interest with the shareholders’ by doing considerable investments themselves,” says the Chairman, Mikael Riese Harstad.

After the registration of the Share Issue, the total number of shares in the Company will amount to 134,406,520 shares. The Company’s share capital will increase with USD 3,226,418 to USD 134,406,520. The Share Issue will result in a dilution of approximately 2.4 percent of the number of shares in GiG.

ABG Sundal Collier acted as sole financial advisor and bookrunner in connection with the Share Issue. White & Case acted as legal counsel.

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com

This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 21:30 CET on 4 June 2024.

 

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers.  GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK.

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group-completes-sek-100-million-directed-share-issue,c3995251

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Silicon Labs Announces First Quarter 2025 Earnings Webcast

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AUSTIN, Texas, April 22, 2025 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced that it plans to release first quarter 2025 financial results on Tuesday, May 13, 2025. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company’s website at silabs.com.

A replay will be available after the call on the investor page of the company’s website at silabs.com. The replay will be available through June 12, 2025.

Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com 

Note to editors: Silicon Labs, Silicon Laboratories, the “S” symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

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SOURCE Silicon Labs

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H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form “Pellera Technologies”

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SAN FRANCISCO, April 22, 2025 /CNW/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $69 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Converge Technology Solutions Corp. (“Converge”) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF). In connection with the closing, Converge will merge with Mainline Information Systems, LLC (“Mainline”), an existing H.I.G. portfolio company. The combined company has been rebranded as Pellera Technologies (“Pellera”), representing its distinctive position in the market as a premier technology partner.

Pellera stands at the forefront of delivering innovative IT solutions to enterprise and mid-market clients. The company’s deep technical expertise, strategic focus, and collaborative approach have enabled their customers to achieve impactful business outcomes through the power of technology. Pro forma for the combination, Pellera generated approximately $4 billion in revenue in 2024 and will provide unparallelled technology expertise to its customers in critical growth areas including cybersecurity, cloud, digital infrastructure, and AI.

Headquartered in Tallahassee, Florida, the new organization will be led by a dynamic and experienced leadership team with over a century of combined experience in the IT industry. Converge Chief Executive Officer Greg Berard will serve as CEO of Pellera, while Mainline President and CEO Jeff Dobbelaere will assume the role of President and Chief Operating Officer. This collaboration reflects the best of both organizations, ensuring the strength and capability of Pellera to achieve meaningful results.

Greg Berard, Chief Executive Officer of Pellera, said: “We’re combining the bold vision, unmatched talent, innovative solutions, and trusted partnerships of Mainline and Converge to deliver differentiated value and elevate the customer experience. With H.I.G.’s support, we’re accelerating investments in areas like AI, cybersecurity, hybrid cloud, app modernization, data, and managed services, with the goal of becoming the provider of choice for comprehensive technology solutions.”

Jeff Dobbelaere, President and Chief Operating Officer of Pellera, said: “We are thrilled to join forces as we enter the next phase in our growth journey. Together, we have stronger relationships with our industry-leading partners, unlocking greater access and broader solutions for our clients. The business is poised to create more growth opportunities for our employees and enhance the value we deliver as dedicated partners on our customers’ teams. We will continue to innovate, bring creative solutions, and generate an enduring transfer of expertise in every engagement.”

Aaron Tolson, Managing Director at H.I.G., added: “We are excited to integrate two trusted and complementary IT solutions partners to boost service offerings and accelerate growth in complex and strategic IT areas. The combined business offers enhanced IT solutions and services that will enable customers to continue reaching the next level. As part of the H.I.G. portfolio, Pellera is well-positioned to capitalize on emerging technology trends and expand its leadership within the IT market.”

H.I.G. was advised by Guggenheim Securities, LLC, J.P. Morgan Securities, LLC, Lazard Frères & Co. LLC, BMO Capital Markets, Stikeman Elliott LLP and Weil, Gotshal & Manges LLP. Houlihan Lokey Capital was engaged as financial advisor to the special committee of independent directors, and Origin Merchant Partners was engaged as an independent financial advisor and provided a fairness opinion to the special committee.

About Pellera Technologies

Pellera Technologies is where innovation powers progress. Through the combined expertise of Converge Technology Solutions and Mainline Information Systems, we deliver unparalleled IT solutions that drive momentum for enterprise clients worldwide. Our comprehensive suite of digital infrastructure, hybrid cloud, cybersecurity, and artificial intelligence solutions transforms challenges into opportunities and shapes a future where businesses can thrive. Guided by our AIM (Advise, Implement, Manage) methodology, we ensure solutions are tailored to your specific needs, aligning seamlessly with existing systems to drive success without complexity. At Pellera, we don’t just keep you moving forward, we help you scale without limits.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $69 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value- added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.

Contact:

Aaron Tolson
Managing Director
atolson@hig.com

Arjun Mohan
Managing Director
amohan@hig.com 

Hamza Usmani
Managing Director
husmani@hig.com 

H.I.G. Capital
One Sansome Street
37th Floor
San Francisco, CA 94104
P: 415.439.5500
hig.com

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SOURCE H.I.G. Capital

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Lightspeed Voice CRO to Speak at Agent Brokers United 2025, Launches “Get Lucky” NOVA AI Promotion

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Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas.

VENICE, Fla., April 22, 2025 /PRNewswire-PRWeb/ — Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas. The event takes place April 25–26 at Planet Hollywood Hotel, with Poythress taking the main stage on Friday, April 26 at 12:35 PM PST.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

During his 15-minute presentation, Poythress will unveil how Lightspeed Voice’s award-winning AI platform, NOVA, is transforming efficiency across the insurance sector. Designed to enhance productivity and streamline communication, NOVA delivers call transcription, actionable summaries, and powerful sentiment analysis—fully integrated with agency-leading AMS and CRM systems.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

To celebrate its presence at ABU 2025, Lightspeed Voice is also launching its “Get Lucky with Lightspeed Voice” promotion, an exclusive giveaway for conference attendees. Visitors who stop by Booth #111 and have their badge scanned will receive a branded poker chip and a chance to win a free month of NOVA AI, valued at up to $100.

The “Get Lucky” promotion is open to both new and existing Lightspeed Voice customers:

New Customers must activate Lightspeed Voice VoIP service before redeeming their complimentary month of NOVA.Existing Customers can redeem immediately, with:Up to $100 credit for current NOVA users who add at least one new user.A $100 credit toward the first NOVA bill for those activating the service for the first time.

Attendees are encouraged to attend Joel’s session for a live walkthrough of NOVA’s capabilities and visit Booth #111 to see how they can “Get Lucky” and transform their communication workflows. Terms and conditions apply.

About Lightspeed Voice www.lightspeedvoice.com  

Lightspeed Voice is a leading AI-powered VoIP solutions provider, dedicated to delivering innovative technology and unparalleled service to businesses. Specializing in customer satisfaction, Lightspeed Voice continues to be a trusted partner for organizations seeking reliable and advanced communication solutions.   

Media Contact
Alexis Snowbarger, Lightspeed Voice, 1 9415643010, aschwien@lightspeedvoice.com, www.lightspeedvoice.com

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SOURCE Lightspeed Voice

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