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GAN shareholders approve SEGA SAMMY merger proposal

GAN shareholders approve SEGA SAMMY merger proposal

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GAN Limited (GameAccount Network), a leading North American B2B technology provider of real money iGaming solutions and a leading International B2C operator of online sports betting, has announced that at a special general meeting, GAN shareholders overwhelmingly approved the previously announced merger agreement between GAN and a subsidiary of SEGA SAMMY Creation Inc.

Over 95% of the votes cast favoured approving the merger agreement and the merger, with approximately 51% of GAN’s issued ordinary shares represented.

The merger is expected to complete in late 2024 or early 2025, subject to the satisfaction or waiver of certain conditions to closing. Upon the completion, GAN will cease to be a publicly-traded company and its ordinary shares will be delisted from The Nasdaq Capital Market and deregistered under the Securities Exchange Act of 1934, as amended.