Gaming enterprise Aspire Global is being delisted from the Nasdaq First North Premier stock market. This delisting stems from the acquisition of nearly all (approximately 98.25%) of Aspire Global’s stock by another firm, NeoGames.
NeoGames presented a bid to purchase Aspire Global in January 2022 for an estimated $5-6 billion USD. Following regulatory approval, the transaction concluded, and NeoGames is now exercising its right to acquire the remaining shares and take Aspire Global private.
The precise date for Aspire Global’s stock removal from the Nasdaq First North Premier remains undisclosed, but it is anticipated shortly.
Despite the takeover, Aspire Global will persist as an independent brand within the NeoGames Group, concentrating on the iGaming sector. Aspire Global’s Chief Executive Officer, Tshashi Maimon, will remain in his position and assume a broader role as President of the NeoGames Group.
During his January of 2022 speech, Mamon conveyed deep conviction in the inherent alignment of the two corporations. He underscored their enduring collaboration, which has fostered a robust cultural connection, and forecasted this would be pivotal in generating substantial financial synergies.