NEW YORK, December 28, 2021 / PRNewswire / – Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems and solutions, today announced that all of the Company’s previously outstanding warrants expired on 23 December 2021.
Prior to expiration, a total of 14,351,588 warrants were exercised (including previously disclosed amounts) to acquire the ordinary shares of the Company, resulting in the issuance of 3,679,015 shares (including 1,027,836 million shares). of shares issued following the exercise of private warrants on a cashless basis) and the product Inspired by $ 30.5 million.
“The overall product of $ 30.5 million the exercise of our warrants demonstrates the progress Inspired has made as a company and the confidence our investors have in our company going forward, ”said Lorne weil, Executive Chairman of Inspired. “We believe that the increased financial flexibility we will have in the future with these products will position us well to pursue our strategic objectives.”
About Inspired Entertainment, Inc.
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social media and entertainment operators on land and mobile channels around the world. The Company’s games, virtual sports, interactive and entertainment products appeal to a wide variety of players, creating new opportunities for operators to increase their revenues. The Company operates in approximately 35 jurisdictions around the world, supplying gaming systems with terminals and associated content for approximately 50,000 gaming machines located in betting shops, pubs, arcades and casinos. other road operations; virtual sports products at over 32,000 retail outlets and various online websites; interactive games for over 170 websites; and a variety of entertainment solutions with a total installed base of over 16,000 terminals. Additional information is available at www.inseinc.com.
This press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate” , “Believe”, “continue”, “expect”, “estimate”, “plan”, “will”, “would” and “plan” and other similar expressions which indicate future events or trends or are not statements of historical issues. These statements are based on the current expectations and beliefs of the management of Inspired, as well as a number of assumptions about future events.
Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond Inspired’s control and which could all cause actual results to differ materially from the results discussed in the forward-looking statements. Therefore, forward-looking statements should not be taken to represent the views of Inspired at any later date, and Inspired makes no commitment to update any forward-looking statements to reflect events or circumstances after the date on which they are made. were made, whether as a result of new information, future events or otherwise, except as required by law. You are advised to carefully read the “Risk Factors” section of Inspired’s annual report on Form 10-K for the year ended. December 31, 2020, and subsequent quarterly reports on Form 10-Q, which are available free of charge on the United States Securities and Exchange Commission website at www.sec.gov.
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