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Immersion Games SAImmersion Games fintech signs conditional investment agreement with Hanover Square fund
Listed digital blockchain company Immersion Games has signed a conditional investment agreement with global advisory investment bank Hanover Square fund and transaction advisor Alpha Blue Ocean concerning the financing with a total value exceeding PLN 500 million (EUR 118.1 mln), the company announced in a market filing.
Under the agreement, the investor will acquire shares worth PLN 4 million (EUR 944,440) and convertible bonds worth up to PLN 502 million (EUR 118.5 mln).
Immersion Games will use net proceeds to buy Bitcoin (BTC), aligning with its Crypto Treasury strategy announced at the beginning of August, focused on digital assets and managing financial reserves via bitcoin investments.
Part of the capital will cover operating costs for Web3 projects.
Immersion Games plans to rename itself TrustBTC, subject to a vote at the next general meeting.
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