Press release
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Thunderful Group Regulatory Press Release 2021-10-27 , Gothenburg Thunderful Acquires Robot Teddy To Create New Investment Pillar " Thunderful Investment " Thunderful Group is pleased to announce that it has acquired Robot Teddy as the company expands its offering to add a new investment and funding focused pillar to its successful games publishing and development businesses . Robot Teddy is headquartered in the United Kingdom , with contractors and partners in the Philippines , South Africa , Netherlands , and Canada . Robot Teddy manages business and strategy for multiple games and studios , including Among Us , Gang Beasts , SUPERHOT , and more . Robot Teddy is also co - developing Viewfinder , a new title from Fern Turtle . 0-0 ROBOT JL TEDDY With Thunderful welcoming Robot Teddy into the fold , the company will now have three key areas of business : games development , games publishing , and the new games investment pillar , Thunderful Investment , that will be led by Robot Teddy . Thunderful Group pays an initial cash consideration of GBP 7.0 million on a cash- and debt- free basis . Furthermore , the sellers shall receive GBP 3.0 million to re - invest in Thunderful Group by way of a direct issue of 575.338 new shares . The subscription price per share shall be the volume - weighted average price for one Thunderful Group share listed on Nasdaq First North during the ten trading days immediately preceding 26 October 2021 , corresponding to SEK 61,637 per share at an exchange rate SEK - GBP of 11,8207 . The total initial consideration is thus GBP 10.0 million . In addition to the initial consideration additional earn- out components of maximum GBP 12.0 million may be paid out with a maximum of GBP 4.0 million in newly issued shares and the additional amount to be paid in cash provided that certain agreed - upon financial and operational targets are met on a yearly basis until 31 December 2025. The total maximum consideration for the acquisition is therefore GBP 22.0 million ( on a cash and debt free basis ) . Thunderful Group AB Kvarnbergsgatan 2 SE - 411 05 Göteborg Page 1 of 3