Animoca Brands Corporation Limited announced that it has entered into a Subscription Agreement for the private placement of 43,850,317 shares at an issue price of AUD 2 per share for the gross proceeds of AUD 87,700,634 on October 20, 2021. The transaction included participation from Ubisoft Entertainment SA, Sequoia China Investment Management LLP, Com2uS Corporation, 10T Holdings, LLC, Smile Group Corp, Tess Ventures, Octava Fund Limited, Adit Ventures, Black Anthem Limited, Sigitech Holdings, Mirana Corp, existing investor, Liberty City Ventures, new investors, Dragonfly Capital Partners, Magic Stone Alternative Investments, Summer Capital Management Company Limited, Token Bay Capital and individual investor, Justin Sun. The transaction is raised at the pre-money valuation of AUD 2,968,307,692.