Aspire Global has submitted a request to remove its stock from the Nasdaq First North Premier exchange following its purchase by NeoGames.
NeoGames, the acquirer in the deal, now possesses roughly 98.25% of Aspire’s issued shares and voting power as of June 4, 2022. They have also put forth a request for the compulsory repurchase of the remaining shares.
Although the final trading day on Nasdaq First North Premier is still pending, it will be publicly disclosed soon after Aspire gets the green light from Nasdaq Stockholm.
NeoGames’ opening bid to acquire Aspire was SEK 111.00 ($12.29) per share on January 17, 2022, putting the company’s worth between $500 million and $600 million.
The merger received the necessary regulatory nods from the Gibraltar Gambling Commissioner and the North Macedonian Competition Authority in May 2022.
Originally slated to conclude on May 25, 2022, NeoGames prolonged the acceptance window to June 14, 2022, to provide Aspire shareholders additional time.
Following the acquisition, Aspire will function as a separate iGaming unit within the broader NeoGames organization. Aspire’s Chief Executive Officer, Tsachi Maimon, will stay in his current position and take on the title of President of NeoGames Group.
During his January 2022 speech, Mamon conveyed deep certainty in the fundamental alignment of the two corporations. He highlighted their enduring collaboration, which has formed a close-knit cultural tapestry, and anticipated this would establish a path for significant synergy and heightened financial gains.