REG - tinyBuild, Inc. - Importance of Vote - Holding in Company

tinyBuildAnnouncement

12/01/2024 07:00

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RNS Number : 4605Z  tinyBuild, Inc.  12 January 2024

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FOR THE ACCOUNT OR BENEFIT OF US PERSONS, AS DEFINED IN REGULATION S
PROMULGATED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US
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FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN
OFFER OF SECURITIES IN ANY JURISDICTION.

For immediate release

12 January 2024

tinyBuild, Inc.

(the "Company" and together with its subsidiaries "tinyBuild" or the "Group")

Importance of Vote

Holding in Company

tinyBuild (AIM:TBLD), a premium video games publisher and developer with
global operations, is today reminding stockholders in the Company of the
importance of the upcoming vote in connection with the conditional Fundraise
announced on 21 December 2023.

Importance of the Vote

Stockholders are required to vote in favour of the resolutions for the
Fundraise to proceed and have until 12.00 noon on 16 January 2024 and the
Board of tinyBuild recommend all Stockholders vote in favour of the
Resolutions.

Please Note: Nominees and Brokers may have earlier internal deadlines,
therefore it is recommended that all Stockholders lodge their instructions as
early as possible in order to assure their vote is placed on time.

If all the Resolutions are not passed at the Special Meeting, the Fundraise
will not take place and the proceeds of the Fundraise will not be received by
the Company. In particular, failure to conclude the Fundraise will materially
compromise the Group's ability to meet its financial obligations as they fall
due and, in the opinion of the Board, likely result in the Group entering into
a chapter 11 bankruptcy or some other form of insolvency procedure without
alternative funding under which the prospects for recovery of value, if any,
by stockholders would be uncertain.

As set out in more detail in the circular sent to Stockholders on 22 December
2023, if the Company does not receive the proceeds of the Fundraise, the
Company would have to seek other forms of emergency financing.  Whilst the
CEO has indicated he is willing to support the Company, no terms have been
agreed beyond the proposed Subscription and the Company is unable to provide
any assurance that alternative financing could be secured.  Failure to secure
alternative forms of finance at all or on commercially acceptable terms or at
all could have a material adverse effect on the Group's business, financial
condition, prospects, capital resources, cash flows, share price, liquidity,
results and/or future operations.

Further information on the fundraise and the general meetings can be found on
the company's website at:
https://www.tinybuildinvestors.com/documents-and-presentations

Stockholders should direct any questions on how to submit their votes to their
financial adviser, broker or to the Company's registrar Link Group on (+44)
0371 664 0391 or via email at shareholderenquiries@linkgroup.co.uk.

Update on holding in Company

The Company was notified by Swedbank on 11 January 2024 that Swedbank reduced
its respective holding in the Company to below 5% on 11(th) October 2023 and
below 3% on 13(th) October 2023.

Capitalised terms used, but not otherwise defined in this announcement are as
defined in the circular published on 22 December 2023.

 

For further information please contact:

 tinyBuild, Inc                                  investorrelations@tinybuild.com
 Alex Nichiporchik - Chief Executive Officer
 Giasone (Jaz) Salati - Chief Financial Officer
 Michael Schauble - Chief Commercial Officer

 Berenberg (Nominated Adviser and Sole Broker)   Tel: +44 (0) 20 3207 7800

 Mark Whitmore, Ciaran Walsh, Milo Bonser

 SEC Newgate (Financial PR)                      tinybuild@secnewgate.co.uk
 Robin Tozer, Harry Handyside, Molly Gretton     +44 (0)7540 106366

 

 

About tinyBuild:

 

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and
developer, with a catalogue of more than 80 premium titles across different
genres. tinyBuild's strategy is to focus on its own intellectual property (IP)
to build multi-game and multimedia franchises, in partnership with developers.

 

tinyBuild is headquartered in the USA with operations stretching across the
Americas and Europe. The Group's broad geographical footprint enables the
Company to source high-potential IP, access cost-effective development
resources, and build a loyal customer base through its innovative grassroots
marketing.

 

tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March
2021.

 

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