REG - tinyBuild, Inc. - Sale of Red Cerberus

tinyBuildAnnouncement

03/04/2025 07:00

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RNS Number : 5054D  tinyBuild, Inc.  03 April 2025

3 April 2025

tinyBuild, Inc

("tinyBuild" or the "Company")

 

Sale of Red Cerberus

tinyBuild (AIM:TBLD), a premium video games publisher and developer with
global operations, is pleased to announce the disposal of Red Cerberus to a
North American consultive software and hardware company focusing on testing.

The total consideration is $1.5m in cash payable on completion, subject to
standard net working capital adjustments. The disposal will be marginally
accretive in 2025 and the proceeds shall be used for general working capital
purposes.

Red Cerberus was founded in 2017 and was acquired by tinyBuild in November
2021 together with Versus Evil. Red Cerberus, based in Sao Paolo Brazil,
provides quality assurance, testing and localization to video game studios.
Red Cerberus had a book value of $0.8m as 31 December 2024, and it generated
$4.3m in revenues and a net loss of $0.1m in the 2024 financial year
(unaudited).

Alex Nichiporchik, Chief Executive Officer of tinyBuild, commented:

"The sale of Red Cerberus marks an important milestone in streamlining our
portfolio and focusing on what we do best: creating and growing great IP. Red
Cerberus has been a valuable partner in our journey, and I'd like to thank the
entire team for their dedication."

"Reallocating resources to our core creative pipeline will help us maximize
long-term revenue potential with the release of new game IP. We look forward
to launching certain high-potential games in 2025 and remain excited about the
future of tinyBuild."

Enquiries:

 tinyBuild, Inc                                               investorrelations@tinybuild.com (mailto:investorrelations@tinybuild.com)

 Alex Nichiporchik - Chief Executive Officer and co-founder

 Giasone (Jaz) Salati - Chief Financial Officer

 Berenberg (Nominated Adviser and Broker)                     +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 70 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.

For further information, visit: www.tinybuildinvestors.com
(http://www.tinybuildinvestors.com) .

 

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