GiG to convert €8.5m convertible loan and issue 6.6m shares to investors

Malta-based igaming supplier’s share capital to rise to $96.7m as part of the deal

Gaming Innovation Group (GiG) has agreed to convert an €8.5m convertible loan arranged in December in a financing move to lower the supplier’s leverage ratio and increase equity. GiG will now issue 6.6m shares to lender Symmetry Invest that covers the outstanding loan, accrued interest and a termination fee for the early closure of the…

Finance | Gaming Innovation Group | Malta | Richard Brown | Stock