Investor relations

Private placement completed

Kahoot! AS (the “Company”) announces on Oct 10, 2018 that the Company has successfully completed a private placement with gross proceeds of NOK 126.5 million (approx. USD 15 million) through the subscription of 5,500,000 shares (the “New Shares”), at a subscription price of NOK 23.0 per share (“the Private Placement”).

Kahoot! AS (the “Company”) today announces that the Company has successfully completed a private placement with gross proceeds of NOK 126.5 million (approx. USD 15 million) through the subscription of 5,500,000 shares (the “New Shares”), at a subscription price of NOK 23.0 per share (“the Private Placement”). The Private Placement was substantially oversubscribed by new high-quality institutional investors as well as large existing shareholders. ABG Sundal Collier and Arctic Securities acted as Joint Lead Managers and Joint Bookrunners for the Private Placement.

The net proceeds from the Private Placement, which represents approximately 5.2% of the current outstanding share capital, will be used to further grow the Company, including allowing the Company to pursue value-creating non-organic opportunities. Read the full announcement at notc.no.