Gaming Innovation Group (GiG) has issued 6,600,000 new shares of its common stock in connection with the conversion of the EUR 8.5 million convertible loan entered into in December 2020.
During the company's Annual Meeting, held 20 May 2021, an amendment to the company’s Amended and Restated Certificate of Incorporation authorized an increase in the number of shares of stock the company is able to issue, from 100,000,000 to 110,000,000.
GiG confirmed that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The company’s share capital has increased from USD 90,075,626 to USD 96,675,626 and the number of shares has increased from 90,075,626 to 96,675,626 (par value USD 1.00). The new shares are issued by the board of directors under the company's 110,000,000 authorized shares.