Published on 7 Oct 2024 on TipRanks · via Yahoo Finance
GAN Set for Merger with SEGA SAMMY Subsidiary, Plans Delisting
GAN ( (GAN) ) has provided an update.
GAN Limited, a leading technology provider for real money internet gaming, has announced that the Nevada Gaming Commission approved its merger with a subsidiary of SEGA SAMMY CREATION INC. The merger is anticipated to be completed between late 2024 and early 2025, subject to additional regulatory approvals. Upon completion, GAN will become a privately-held entity, and its shares will be delisted from The Nasdaq Capital Market. Shareholders of GAN will receive $1.97 in cash for each ordinary share they hold, with the transaction transforming GAN’s financial and operational landscape.