Boku, Inc. successfully raise $25.2 million for Fortumo Holdings acquisition

BOKU

Boku Inc. (LON:BOKU), a leading global mobile payment and mobile identity company, has announced the successful completion of the proposed placing announced yesterday in connection with Boku’s conditional agreement to acquire the entire issued and to be issued share capital of Fortumo Holdings, Inc. and its subsidiaries.

A total of 23,600,000 new common shares of $0.0001 each in the capital of the Company have been placed by Peel Hunt LLP by way of a placing at a price of 85 pence per share, representing a 7.1% discount to the closing price on 17 June 2020, with new and existing investors, raising gross proceeds of £20.1 million ($25.2 million).

The Placing Shares will represent approximately 8.4% of the enlarged issued share capital of the Company (immediately following completion of the Placing).

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission to AIM will become effective and that dealings on AIM will commence in the Placing Shares at 8.00 a.m. on or around 22 June 2020.

Total Voting Rights

In accordance with Rule 5.6.1 of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, following the Placing, the total number of Common Shares in issue is 281,382,648. There are no shares held in treasury.

Therefore, the total number of voting rights in Boku Inc is 281,382,648.

The above figure of 281,382,648 Common Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. Unless otherwise stated, defined terms used in this announcement will have the meaning set out in the Launch Announcement published yesterday.

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