Since its launch in 2012, Kahoot! has turned game-based learning into a pop culture phenomenon around the world. The game platform hosted over 70 million monthly active users in December 2017 and has a library with more than 50 million learning games, created and shared by fans in more than 200 countries. In 2018, the company launched its premium products for businesses and professional users. Kahoot! is on a mission to make learning awesome for learners in all contexts!
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.