Nexters Global to go public via $1.9 billion SPAC deal (updated)

GDEV

01/02/2021 13:05

(Adds details on the deal, background)
    Feb 1 (Reuters) - Nexters Global, owner of mobile game Hero
Wars, said on Monday it has agreed to go public through a merger
with blank-check firm Kismet Acquisition One Corp  KSMT.O  in a
deal that values the company at $1.9 billion.  
    The deal is expected to close in the second quarter of 2021,
following which Nexters' founders Andrey Fadeev and Boris
Gertsovsky will lead the combined company.  urn:newsml:reuters.com:*:nBw7DnCTMa
    The European mobile game developer, founded in 2010, will
trade on the Nasdaq Global Select Market under the ticker -
GDEV.
    Existing shareholders of Nexters will roll about 92% of
their holdings into the combined company while agreeing to a
12-month lock-up, the company said.
    Credit Suisse, BofA Securities and LionTree Advisors served
as financial and capital markets advisors to Kismet Acquisition
One Corp.
    A blank-check firm, also known as a special purpose
acquisition company (SPAC), uses proceeds from an initial public
offering to buy a private company, which is then taken public.

 (Reporting by Shreyasee Raj in Bengaluru; Editing by Shailesh
Kuber)
 ((Shreyasee.Raj@thomsonreuters.com;))