A PIPE enables additional private investors to get into a SPAC deal. Kismet is led by billionaire Ivan Tavrin. The shareholders who will get the funds include Kismet trust account, Kismet Sponsor, and (private investment in public equity) PIPE investors Mubadala Investment Company and VPE Capital. We are completely happy because this was our dream, to go after this public market and to have public currency.” “And now we have cash for our M&A purposes. “The SPAC holders voted for the deal,” said CEO Andrey Fadeev in an interview with GamesBeat. The business combination was approved during a special meeting of Kismet’s shareholders on August 18. Trading for Nexters begins today on Nasdaq under the symbols GDEV and GDEVW.
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