SOZAP’s rights issue oversubscribed by 33.5 per cent

27 June 2023

SOZAP is a Swedish digital entertainment company engaging in the development and distribution of qualitative and innovative mobile games within the free-to-play genre. The game portfolio consists of one established game within the shooter genre and two casual games in the soft launch phase with plans for global release during 2023.

In total, the rights issue was subscribed to approximately 133.5 per cent, meaning that all 2,840,280 shares will be issued, corresponding to total proceeds of approximately SEK 11.4 million.

The proceeds from the rights issue will be used accelerate the development of its soft launch games Fishing Tour and Questopia and facilitate their impending global releases.

Augment acted as a financial advisor to SOZAP in connection with the transaction.

Read full press release (Swedish)