In a move that it says will immediately establish its U.S. operating footprint and set the foundation for the firm’s growth strategy in the region, Bragg Gaming Group (TSXV:BRAG) will reportedly acquire Nevada-based interactive software developer and distributor Spin Games LLC in an approximately $30 million cash and stock transaction.
Announced Wednesday, May 11th, 2021, terms of the definitive agreement includes the Reno-headquartered firm receiving a $10 million cash payment alongside $20 million in Bragg common shares, $5 million of which are to be issued upon closing of the deal, subject to regulatory approval, with the balance paid over the next three years.
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