ABGSC acted as Joint Bookrunner in the NOK 1,700 million Private Placement in Kahoot! ASA

On May 10 2021, Kahoot! ASA (“Kahoot!” or the “Company”) announced the successful completion of the Private Placement, raising NOK 1,700 million in gross proceeds to the Company through allocation of 25,000,000 new shares at a price of NOK 68.00 per share.
The Private Placement attracted strong interest from high-quality institutional investors and the book was multiple times oversubscribed. The Company’s largest shareholder, SB Management Limited, a 100% directly owned subsidiary of SoftBank Group Corp. holding approximately 16% of the shares in the Company, participated and was allocated their pro rata share of the Private Placement.
The Company intends to use the net proceeds from the sale of new shares in the Private Placement to part-finance the acquisition of Clever Inc. (“Clever”) as announced on Thursday 6 May 2021. Clever is a privately held California-based company that is one of the most widely used digital learning platforms by U.S. K-12 schools