GDEV Increases Total Ownership In Its Portfolio Studio, Royal Ark, To 57%, Through Exercise Of Conversion Option

GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that it has increased its total ownership in its portfolio studio, Royal Ark, to 57%, through the exercise of a previously negotiated conversion option. This move marks a deepening of the strategic partnership initiated in 2022, further reinforcing GDEV's approach to empowering creative studios without compromising their autonomy. In connection with the exercise of the conversion option, GDEV and Royal Ark have entered into a new agreement superseding and replacing all prior arrangements and agreements between the parties and establishing new terms between the parties.