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Adventure Box Technologies AB has entered into a Letter of Intent with Lion Gaming Group Inc. , a Canadian company specializing in gaming and betting services. Lion has a projected turnover of approximately SEK 350 million and an EBITDA of approximately SEK 180 million in 2024. This transaction marks the beginning of a significant expansion for Adventure Box in the iGaming market. A new major gaming company is taking shape in Sweden, ready for the global iGaming market.
The letter of intent involves the acquisition of 100% of the shares in Lion Gaming Group Inc. for a purchase price of approximately SEK 475 million , which will be paid with newly issued shares in Adventure Box at a share price of SEK 0.40 per share. The parties will now enter into negotiations on a definitive share purchase agreement . Completion of the transaction is subject to the completion of due diligence and approval at an extraordinary general meeting.
and universe, including Web3 development and cross-user acquisition. This transaction opens up opportunities in game development and aligns with Adventure Box’s strategic focus and business objectives.
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