Investor relations

Kahoot!’s acquisition of Clever: Update regarding expected time of completion

Oslo, August 31, 2021. Reference is made to the stock exchange announcement on May 6, 2021, announcing that Kahoot! ASA (“Kahoot!”) will acquire Clever, Inc (the “Transaction”) and the subsequent announcement on June 22, 2021, giving an update regarding the expected time for completion of the Transaction.

Completion of the Transaction has been pending satisfaction of a closing condition relating to obtaining regulatory approval by the Committee on Foreign Investment in the United States (“CFIUS”). Kahoot! and Clever, Inc. have received the necessary approval from CFIUS. Accordingly, completion of the Transaction is no longer subject to regulatory approval, and the parties are looking forward to the completion of the Transaction which is expected to occur as soon as possible in the beginning of September 2021.

Kahoot! will provide further updates as appropriate.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Ken Østreng, CFO, Kahoot! ASA, on August 31, 2021, at 07:00 CET.

For further information, please contact:

Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com

Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com

About Kahoot!

Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and play learning games that drive compelling engagement. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. In the last 12 months, 300 million games have been played on the Kahoot! platform with 1.8 billion participating players in more than 200 countries. The Kahoot! family also includes award-winning DragonBox math learning apps, the Poio learn to read app, the Drops language learning apps, the Actimo and Motimate employee engagement and corporate platforms and Whiteboard.fi, the online whiteboard tool for all educators, teachers and classrooms. The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the UK, France, Finland, Estonia, Denmark and Spain. Kahoot! is currently listed on the Oslo Stock Exchange under the ticker KAHOT. Let’s play!