Intention to adjourn the Special Meeting

tinyBuild, Inc.

18 January 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO OR FOR THE ACCOUNT OR BENEFIT OF US PERSONS, AS DEFINED IN REGULATION S PROMULGATED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US SECURITIES ACT"), OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

For immediate release

18 January 2024

tinyBuild, Inc.

(the "Company" and together with its subsidiaries "tinyBuild" or the "Group")

Intention to adjourn the Special Meeting, Importance of Vote and Results of Open Offer

tinyBuild (AIM:TBLD), a premium video games publisher and developer with global operations, is providing an update on the proposed Fundraise announced on 21 December 2023 and the Circular to Stockholders  posted on 22 December 2023 convening the Special Meeting.

Intention to adjourn the Special Meeting

The Company has been notified that certain significant Stockholders were unable to cast their votes in support of both Resolutions ahead of the deadline due to the various public holidays over the Special Meeting notice period and other administrative vote requirements. In order to enable these significant Stockholders to vote, the Directors believe the best course of action is to adjourn the Special Meeting later today.

The Company therefore announces that its Special Meeting due to be held later today is expected to be adjourned to 26 January 2024 (the "Adjourned Meeting") with further details to be released later today. Valid proxy votes submitted in respect of the Special Meeting will be counted at the Adjourned Meeting. The Company has received more than 99% of the votes cast to date in favour of both the Resolutions and therefore the Board is confident that the Resolutions will be passed at the Adjourned Meeting.

Importance of the Vote

The Company reiterates that if the Resolutions are not passed at the Special Meeting or any Adjourned Meeting, the Fundraise will not take place and the proceeds of the Fundraise will not be received by the Company.    

Failure to conclude the Fundraise by the end of January 2024 will materially compromise the Group's ability to meet its financial obligations as they fall due. In the unlikely event the Resolutions are not passed at the Adjourned Meeting, the CEO has indicated he is willing to support the Company. Failure to secure alternative forms of finance on commercially acceptable terms or at all could have a material adverse effect on the Group's business, financial condition, prospects, capital resources, cash flows, share price, liquidity, results and/or future operations.

Results of Open Offer

The Company announces the closing of the Open Offer, and that it has received valid applications, including those received under the Excess Application Facility, in respect of a total of 4,844,179 new Shares, totalling £242,208.95. Qualifying Shareholders who have validly applied for Open Offer Shares pursuant to their Basic and Excess Shares Entitlement, will receive their application in full assuming the Resolutions are passed at the Special Meeting.

Further information on the Fundraise and voting at the Special Meeting can be found on the Company's website at: https://www.tinybuildinvestors.com/documents-and-presentations.

Stockholders should direct any questions on how to submit their votes to their financial adviser, broker or to the Company's registrar Link Group on ([phone] or via email at [e-mail].

Capitalised terms used, but not otherwise defined in this announcement are as defined in the Circular published on 22 December 2023.

For further information please contact:

tinyBuild, Inc	[e-mail]
Alex Nichiporchik - Chief Executive Officer
Giasone (Jaz) Salati - Chief Financial Officer
Michael Schauble - Chief Commercial Officer
Berenberg (Nominated Adviser and Sole Broker) Mark Whitmore, Ciaran Walsh, Milo Bonser	Tel: [phone]
SEC Newgate (Financial PR)	[e-mail]
Robin Tozer, Harry Handyside, Molly Gretton	[phone]

About tinyBuild:

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 80 premium titles across different genres. tinyBuild's strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.

tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe. The Group's broad geographical footprint enables the Company to source high-potential IP, access cost-effective development resources, and build a loyal customer base through its innovative grassroots marketing.

tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021.

 

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