ABGSC acted as joint lead manager and joint bookrunner in connection with the NOK 852 million private placement in Kahoot!

Last night, Kahoot announced the successful completion of a private placement, raising approximately NOK 852 million in gross proceeds through the allocation of in total 24 million shares in the Company at a price of NOK 35.50 per share. The Private Placement, which took place through an accelerated bookbuilding process, attracted very strong interest from high quality institutional investors in Norway and internationally and was multiple times over-subscribed. On this basis, the transaction was upsized from 21 million shares at launch to 24 million shares.
7.5m the shares sold were new shares raising gross proceeds to the Company of approximately NOK 266m. The net proceeds from the sale of new shares will be used to further grow the Company by continuing to expand its offering in all segments, and selectively pursue value-creating M&A opportunities