AcquisitionsMay 26, 2026, 04:53 PM
Bragg Gaming to Acquire Drayton International for 4.5M Shares; Matt Davey to Chair
AI Summary
Bragg Gaming Group Inc. announced it has entered into a binding term sheet to acquire 100% of Drayton International, a diversified gaming technology and content platform. The acquisition will be for 4.5 million newly issued common shares of Bragg, priced at US$2.00 per share. Upon the closing of the transaction, Matt Davey will be appointed Non-Executive Chairman of Bragg, with current Chair Holly Gagnon remaining on the board as an independent director. Additionally, the company issued a notice for its Annual General Meeting on June 18, 2026, where shareholders will receive financial statements, elect directors, and re-appoint auditors.
Key Highlights
- Bragg Gaming Group to acquire 100% of Drayton International.
- Consideration for the acquisition is 4,500,000 newly issued Bragg Common Shares.
- Consideration shares are priced at US$2.00 per share.
- Matt Davey will be appointed Non-Executive Chairman of Bragg Gaming Group post-acquisition.
- Annual General Meeting (AGM) is scheduled for June 18, 2026, at 10:00 a.m. Toronto time.
- The record date for voting at the AGM is May 6, 2026.
- As of May 6, 2026, 25,574,284 Common Shares were outstanding.
- Matevž Mazij beneficially owns 3,395,000 Common Shares, representing 13.28% of the company.
Price Impact
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