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business

Our stock begins trading on Nasdaq today, as the SPAC deal is finally closed

27.08.2021

The SPAC deal between our company and Kismet Acquisition One Corp was officially closed yesterday, and today we will see the culmination of months of work – our stock will begin trading on Nasdaq under the ticker symbol “GDEV” when the exchange opens for the day. To mark the occasion, we will hold a closing bell ceremony at Nasdaq headquarters in New-York, today at 3:50 PM EDT.

As a result of the deal, Nexters and our shareholders will receive approximately $132 million. We intend to use the money to fund new projects, expand into more casual genres, launch our games in new regional markets and sign new deals with other gaming companies. We also expect that being a publicly traded company will help us in our other endeavor - becoming the leading consolidator in the gaming industry of Russian-speaking countries, Eastern Europe and other markets.

“This amazing moment wouldn’t be possible without the passion and dedication of our awesome team, business partners, partner platforms, and many others,” said Andrey Fadeev. “We’ve managed to build Nexters with such wonderful people around us by delivering great games for our millions of players – as a public company, we will continue our goal to transform the user experience and deliver blockbuster titles for gamers around the globe.”

We are extremely excited and happy! This is a major milestone for Nexters, although we do not intend to stop here and have a lot of plans for the future.

To learn more, please refer to the official press release: Investor presentation – Nexters