Kismet Acquisition One shareholders voted in favor of the SPAC’s proposed merger with Nexters Global, an international game development company. Approximately 98% of the votes cast at the meeting, representing approximately 71% of Kismet’s outstanding shares, were in favor of the business combination, the SPAC said in a press release.
Neither the press release nor an 8-K filing today mentions redemptions, if any, however, Kismet shares have been trading below $10 since April 26.
The combined companies had an enterprise value of $1.9 billion when the deal was announced in February.
The business combination is expected to close Aug. 26. Nexters shares and warrants are expected to begin trading Aug. 27 on the Nasdaq under GDEV and GDEVW. Read more.
