Kahoot! is a game-based learning platform that makes it easy to create, share and play fun learning games or trivia quizzes in minutes. Kahoot! is used in a variety of settings – in K-12 and university classrooms, corporate offices, social settings, and major sporting and cultural events. Kahoot! is embraced by teachers, loved by students, valued by organizations and harnessed by publishers. In 2018, Kahoot! had over one billion participating players in more than 200 countries. Kahoot! is on a mission to make learning awesome and build the leading learning community in the world that connects its users to premium content. Launched in 2013, the company is headquartered in Norway with offices in the US and the UK.
Completion of the acquisition of Poio (8/22/2019)
Reference is made to the Kahoot! AS’ announcement made on May 15, 2019, regarding the acquisition of all shares in Poio AS. The acquisition has now been completed and the total consideration of MNOK 56.2 has been settled by a combination of cash and new Kahoot! shares. Board of Directors of Kahoot! has resolved to increase the share capital of Kahoot! with NOK 138,366 by the issuance of 1,383,660 consideration shares to the Poio shareholders at a subscription price of NOK 25 in accordance with the share purchase agreement. The Poio shareholders have entered into lock-up agreements with Kahoot! pursuant to which the consideration shares are subject to lock-up for up to two years from completion of the acquisition. Following this share issue there will be 117,720,860 issued and outstanding shares in Kahoot!.
Annual General Meeting of Kahoot! AS (6/21/2019)
Please find attached Kahoot! AS’s Notice of Annual General Meeting to be held 28 June 2019. Download notice
Please find attached Annual Accounts Kahoot! AS 2018. Download accounts
Shareholders that are prevented from attending the general meeting may be represented by proxy. Download proxy
Company update June 2019 (06/12/2019)
Please see attached Kahoot! Company Update presentation held on June 12, 2019. Download presentation
Notice to market 05/15/19: Kahoot! and Poio join forces to empower all children to learn to read through play
Oslo, Norway, May 15, 2019 – Kahoot!, the global learning platform, today announced its acquisition of Poio, the acclaimed learn-to-read app for all children. In record time, Poio has created a unique community in Scandinavia, helping more than 100,000 children to learn to read through play. In June, Kahoot! and Poio will launch the English edition of Poio, and make it available to all Kahoot!’s users world-wide.
The transaction is based on Kahoot! acquiring 100% of the shares in Poio AS for a total consideration of approx. USD 6.5 million on a cash and debt-free basis. The consideration will be settled by a combination of cash and new Kahoot! shares at a subscription price of NOK 25 per share. The transaction is expected to be completed by the end of June 2019.
Notice to the market 05/09/2019: Kahoot! acquires DragonBox, joining forces to create an awesome math learning experience for all
Oslo, Norway, May 9, 2019 – Kahoot!, the global learning platform, today announced its acquisition of DragonBox, the award-winning game-based learning studio and maker of the popular DragonBox family of math apps. The two learning communities combined, bring together DragonBox’s engaging math apps and Kahoot!’s hundreds of millions of users world-wide.
The transaction is based on Kahoot! acquiring 100% of the shares in WeWantToKnow AS for a total consideration of approx. USD 18 million on a cash and debt free basis. The consideration will be settled by a combination of cash and new Kahoot! shares at a subscription price of NOK 25 per share. The transaction is expected to be completed ultimo June 2019.
Company update March 2019 (03/28/2019)
Please see attached Kahoot! Company Update presentation held on March 28, 2019. Download presentation
Company update December 2018 (12/17/2018)
Please see attached Kahoot! Company Update presentation held December 17th 2018. Download presentation
Latest news: Notice of exercise of warrants to Accelerator Investments LLC (12/14/2018)
On 11 July 2017, the Company entered into a warrant agreement with Accelerator Investments LLC (the “Warrant Holder”) pursuant to which the Warrant Holder was granted 225,000 warrants (the “Warrants”) on the terms and conditions set out in the warrant agreement. Each Warrant gives the Warrant Holder the right, but not the obligation, to claim the issuance of one 1 share in the Company with a nominal value of NOK 0.10 at a price of NOK 100 per share.
As the Company completed a share capital increase by way of a bonus issue in July 2018, whereby existing shareholders were allocated 19 new shares for each share held, the number of Warrants and the strike price must be adjusted accordingly. Following the bonus issue, the Warranty Holder is accordingly entitled to 4,500,000 Warrants, each giving the right to subscribe for one 1 share in the Company with a nominal value of NOK 0.10 at a price of NOK 5 per share.
On 13 December 2018, the Company received a notice of exercise of all of the Warrants by the Warrant Holder.
After the exercise the Accelerator Investment LLC will own 4,670,000 shares in Kahoot! AS. representing 4.0% of the capital in the Company.
The Company’s share capital following the exercise of warrants will be NOK 11,558,220 divided into 115,582,200 shares, each with a nominal value of NOK 0.10. Read the full announcement at notc.no.