Walkers is pleased to have acted as Bermuda counsel to GAN
Limited ("GAN") on the successful
restructuring of GAN plc and the subsequent $62.4 million fundraise
on Nasdaq Capital Market under the symbol GAN. GAN is a Bermuda
company.
Walkers acted as Bermuda counsel to AIM-listed GAN plc, as the
company migrated its existing shares from the AIM London stock
exchange to a Bermuda company in order to list on the
aforementioned Nasdaq Stock Exchange. This process was by way of a
scheme of arrangement and was a precursor to the Nasdaq IPO.
On May 5, 2020, the trading of shares on AIM was suspended in
preparation for delisting on May 6, 2020. In connection with this
offering, GAN affected a reorganisation and share exchange in which
GAN plc became a wholly-owned subsidiary of GAN Limited, the
ordinary shares of GAN plc no longer trade on AIM, and the former
shareholders of GAN plc have received one ordinary share of
GAN for every four ordinary shares of GAN plc and an
