m_and_a
confidence high
sentiment neutral
materiality 0.90
SEGA SAMMY affiliate completes acquisition of GAN for $1.97 per share; stock delisted
GAN Ltd
- SEGA SAMMY CREATION INC. completes acquisition of GAN at $1.97 per share in cash.
- Consideration represents a premium of over 121% to GAN's Nov 7, 2023 closing price.
- All outstanding shares, restricted shares, RSUs, and options converted to cash or cancelled.
- GAN ordinary shares cease trading on Nasdaq effective May 27, 2025.
- All directors resigned; Naoki Kameda appointed as sole director.
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