ABGSC assisted in the largest investment round within esports in Norway to date

Omaken Sports AS (“Omaken Sports” or the “Company”) has successfully placed 15,189 new shares at a price of NOK 9,879, raising gross proceeds of NOK 150 million. The deal was upsized from NOK 125m on the back of strong demand. The transaction represents the largest funding round within esports in Norway to date.
Omaken Sports was founded by Joachim “NoobworK” Haraldsen in 2020, who is Norway’s most profiled gamer with a global network in the world of esports. The ambition of Omaken Sports is to become a global powerhouse within the fast growing market of esports, owning multiple teams and franchise stakes across the most popular games. The Company has already assembled a global top team within PUBG and is looking to level up by acquiring a globally ranked top 5 team within the world’s most popular first-person shooter game.
The Private Placement attracted very strong interest from Norwegian investors and was multiple times oversubscribed. Cornerstone investors subscribed for and were allocated shares for a total amount of NOK 50 million, including Andenæsgruppen AS, which subscribed for NOK 20 million and will be represented on the Company’s board. Additional cornerstone investors were AS Clipper, Altitude Capital AS, Cam AS, Carucel Finance AS, Rasche Investeringer AS and Skattum Invest AS.
Omaken Sports will register its shares on Euronext NOTC in due course.