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Listed gaming major Nazara Technologies’ esports subsidiary NODWIN Gaming is raising a fresh round of capital from existing investors to fuel business expansion. However, Nazara will not participate in the fundraise, which will lead to the dilution of its stake and loss of its majority control in the esports subsidiary.
In an exchange filing, Nazara said that its board approved the move in a meeting held today. Notably, the listed gaming company is not selling any existing shares but simply…
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Listed gaming major Nazara Technologies’ esports subsidiary NODWIN Gaming is raising a fresh round of capital from existing investors to fuel business expansion. However, Nazara will not participate in the fundraise, which will lead to the dilution of its stake and loss of its majority control in the esports subsidiary.
In an exchange filing, Nazara said that its board approved the move in a meeting held today. Notably, the listed gaming company is not selling any existing shares but simply…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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