Brief: Fragbite Signs LOI To Buy Shares In iGaming Company

Fragbite AB (publ)

23/10/2025 13:08

Oct 23 (Reuters) - Fragbite Group AB (publ) FRAGBI.ST:

LETTER OF INTENT SIGNED FOR ACQUISITION OF SUBSTANTIAL SHARE IN PROFITABLE GROWTH COMPANY

SIGNS LOI TO BUY SHARE IN IGAMING COMPANY

TARGET COMPANY'S VALUATION AFTER ITS LATEST CAPITAL RAISE IS APP. 67 MSEK.

LOI INCLUDES PRICING OF TARGET COMPANY WHERE TWO OF ITS SHARES CORRESPOND TO ONE SHARE IN FRAGBITE GROUP

TO ACQUIRE SUBSTANTIAL SHARE OF PROFITABLE GROWTH COMPANY IN IGAMING SECTOR

RECENTLY MADE SMALL STRATEGIC INVESTMENT IN TARGET COMPANY OF EUR 250,000

Source text: ID:nMFN8W18DQ

Further company coverage: FRAGBI.ST

 (Gdansk Newsroom)

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