Gaming Innovation Group is contemplating a bond tap issue

BY PR Newswire | CORPORATE | 06/17/24 02:13 AM EDT

ST. JULIAN'S, Malta, June 17, 2024 /PRNewswire/ -- Gaming Innovation Group Inc. (GIGI) ("GiG") has mandated ABG Sundal Collier and Pareto Securities as managers to arrange a series of fixed income investor meetings commencing on 17 June 2024. GiG is contemplating to issue subsequent bonds under GiG's existing senior secured bond framework with ISINs NO0013024018 (the "EUR-tranche") and NO0013095687 the ("SEK-tranche) in an expected amount of EUR 15 million equivalent. Subject to, inter alia, market conditions a capital markets transaction may follow.?

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678

About Gaming Innovation Group (GIGI)

Gaming Innovation Group (GIGI) is a leading?iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's (GIGI) 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 (GIGI) 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.

www.gig.com

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SOURCE Gaming Innovation Group (GIGI)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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