Nexters Inc. (NasdaqGM:GDEV) agreed to acquire 49.5% stake in Castcrown Limited on January 25, 2022. Nexters Inc. (NasdaqGM:GDEV) entered into a share purchase agreement to acquire 49.5% stake in Castcrown Limited for $21 million on January 27, 2022. The consideration comprises of $4.95 million on a cash and debt free basis and $16 million of convertible loan. The $4.95 million will be financed by cash on balance. Nexters has agreed with the remaining shareholders and founders of Castcrown Limited to put and call options allowing Nexters to consolidate 100% in Castcrown Limited. The call option may be exercised no later than by July 1, 2026. The put option may be exercised from July 1, 2026, to October 1, 2026. The transaction is expected to be completed in Q1 2022.

Nexters Inc. (NasdaqGM:GDEV) completed the acquisition of 49.5% stake in Castcrown Limited on March 30, 2022. On January 25, 2022, the Board of Directors of Nexters Inc. approved the transaction.