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Gaming Innovation Group issues 6.6 million new shares

Gaming Innovation Group (GiG) has issued 6,600,000 new shares of its common stock in connection with the conversion of the €8.5 million convertible loan entered into in December 2020.

At the company’s Annual Meeting, held on 20 May 2021, an amendment to the company’s Amended and Restated Certificate of Incorporation was authorized. With this, the number of shares of stock the company is able to issue increased from 100,000,000 to 110,000,000.

The new shares have been duly authorized by all necessary corporate action and that they have been fully paid and validly issued.

GiG’s share capital has increased from $90,075,626 to $96,675,626 and the number of shares has increased from 90,075,626 to 96,675,626 (par value USD 1.00).

The post Gaming Innovation Group issues 6.6 million new shares appeared first on iGaming.

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Author: Nitin