Kismet Acquisition One Corp announced that it has entered into subscription agreement with certain institutional investors, new investors, Mubadala Investment Company PJSC and VPE Capital to issue 5,000,000 shares at a price of $10 per share for gross proceeds of $50,000,000 and additional on July 16, 2021. The transaction is conditioned on the substantially concurrent closing of the Transactions and other customary closing conditions. The transaction is expected to be completed by the end of Q3 2021, subject to regulatory approval and other customary conditions.