tinyBuild, Inc
("tinyBuild" or the "Company")
Acquihire of Konfa Games and acquisition of Bossa Studios IP
Related Party Transaction
tinyBuild, a premium video games publisher and developer with global operations, is pleased to announce the acquihire of Konfa Games, the development team of Despot's Games, and the acquisition of the IP of Surgeon Simulator, Surgeon Simulator VR, Surgeon Simulator 2, I am Fish and I am Bread (the "Bossa's IP Catalogue") from
Acquihire of Konfa Games
The maximum consideration for Konfa Games is up to
tinyBuild has been working with Konfa Games for two years as the publisher of Despot's Game, a title successfully released as early access (Steam only) in
Despot's Game is a rogue-like tactics auto-battler, culminating in an asynchronous multiplayer mode. The player chooses from a wide range of weapons, mutations and abilities to lead his army of earthlings through procedurally generated levels dominated by a despot AI. Version 1.0 will include reworked mechanics, new quests, enemies and mutations, and an expanded soundtrack. The DLC Challenges will add 20 new missions to complete, where each item and enemy has a precise spawn point to sharpen the player's tactical skills.
Acquisition of Bossa's IP Catalogue
The consideration for Bossa's IP Catalogue includes an upfront payment of
The deal further expands tinyBuild's existing back catalogue with the acquisition of several high quality, mature games focused on simulation and adventure. The Surgeon Simulator franchise is an over-the-top operation simulator which has released three titles to date, while I Am Fish is a physics-based adventure game starring four fish friends forcibly separated from their home in a pet shop fish tank, and I am Bread, the story of a slice of bread's journey to become toast. Under tinyBuild ownership, the Company has the option to improve Bossa's IP Catalogue through potential spin-offs, sequels, expansions and DLC that could generate additional sales.
Admission and Total Voting Rights
As part of the initial consideration at closing of the acquisition of Bossa's IP Catalogue, the Company will issue 320,900 New Common Shares of
Related party transaction
Alex Nichiporchik, Chief Executive Officer of tinyBuild, commented:
"We continue investing into expanding our portfolio of own IP and today's deals are a unique opportunity to bring both Konfa's talented team of developers in-house and to add the amazing Bossa intellectual property to the tinyBuild portfolio. Alongside our existing titles, it allows us to maximize our long-term revenue potential, as well as gives our internal teams more established IP to choose from when considering next projects."
For further information, please contact:
tinyBuild, Inc Alex Nichiporchik - Chief Executive Officer and co-founder Giasone (Jaz)
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investorrelations@tinybuild.com
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Berenberg (Nominated Adviser and Sole Broker) |
+44 (0) 20 3207 7800 |
SEC Newgate (Financial PR)
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+44 (0)7540 106366
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About tinyBuild:
Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild's strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.
tinyBuild is headquartered in the
tinyBuild was admitted to AIM, a market by the
For further information, visit: www.tinybuildinvestors.com