Bragg Gaming to acquire Drayton International for $2.00 per share

Bragg Gaming (BRAG) Group announced that it has entered into a binding term sheet to acquire Drayton International, a diversified gaming technology and content platform. In conjunction with the closing of the proposed transaction, renowned gaming entrepreneur Matt Davey, Founder and Chairman of gaming-oriented investment fund, Tekkorp Capital, will join Bragg’s Board of Directors as Non-Executive Chairman, further strengthening the company’s leadership as it executes its next phase of growth. Pursuant to the Term Sheet and subject to entering into a definitive acquisition agreement and the satisfaction of customary closing conditions, Bragg will acquire 100% of the equity interests of Drayton for 4.5M newly issued Bragg common shares priced at $2.00 per share. Bragg will also hold rights which will provide it with a contractual path to full ownership of all five of Drayton’s portfolio studios. Bragg expects that Drayton’s leadership and development teams will continue with the company post-closing. The Transaction is subject to applicable gaming regulatory approvals, approval of the listing of the Bragg common shares to be issued under the Transaction on the Toronto Stock Exchange and the Nasdaq Stock Market, and the satisfaction of certain other closing conditions customary for a transaction of this nature. Subject to the satisfaction of such conditions, Bragg expects the Transaction to close in Q3-2026.