Maryland live free casino11/14/2023 B2C space, a slower than expected adoption of regulated online gaming in the U.S., along with changes to key customer contracts make the near-term operating environment challenging without ample capital resources. "After a thoughtful review of value creation opportunities available to us, we are pleased to have reached this agreement with SSC. Seamus McGill, Chairman and Interim Chief Executive Officer of GAN, commented: Under the Merger Agreement, at the effective time of the merger, each of GAN’s issued ordinary shares will be converted into the right to receive in cash $1.97 per share, which reflects a premium of 121% over the closing price of GAN’s ordinary shares on November 7, 2023, the last trading day prior to the date of this announcement. (“Sega Sammy”) an international conglomerate operating in the entertainment, gaming and resorts businesses. GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that the Company has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Sega Sammy Creation Inc., (“SSC”), a wholly-owned subsidiary of Sega Sammy Holdings, Inc. Purchase price of $1.97 per share represents over 120% premium to latest closing priceĪll-cash transaction subject to customary closing conditions, regulatory approvals, and approval of GAN shareholders
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