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iCandy Interactive acquiring Lemon Sky Studios for AUD$44.5M to make AAA games for the Metaverse

ggx2ac

Member
Expert
(They publish Dark Souls)
First:
About iCandy Interactive
iCandy Interactive Limited (ASX: ICI) is an Australian publicly traded company that has its core business in the development and publishing of mobile games and digital entertainment for a global audience.
iCandy Interactive runs a portfolio of mobile games that have been played by over 360 million mobile gamers worldwide and has won multiple awards in various coveted international events.

iCandy Interactive went through a funding round that was oversubscribed at AUD$40M, source: https://www.asx.com.au/asxpdf/20211119/pdf/4535h3p5st29m0.pdf

The money is being used for working capital and to fund the acquisition of Lemon Sky Studios.

Here's the investor presentation (slides) relevant to the acquisition: https://www.asx.com.au/asxpdf/20211119/pdf/4535k3fc50dj6d.pdf

I am posting some of the slides, from that presentation here.

Screenshot_20211119-125741.png


Summary of Lemon Sky Studios:

Screenshot_20211119-125823.png

Screenshot_20211119-125847.png

Screenshot_20211119-125904.png

Screenshot_20211119-125959.png

Screenshot_20211119-130030.png

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iCandy talks about its next phase growth and the metaverse:
Screenshot_20211119-130130.png

Screenshot_20211119-130200.png

Screenshot_20211119-130217.png


Their historical timeline:
Screenshot_20211119-130302.png


Why you have probably never heard of iCandy until today is because 1) they make mobile games 2) they have a small market cap at less than AUD$100M as of the time of this post:
Screenshot_20211119-131506.png


I am just posting this thread as news. I have no financial advice for this company.
 
I would not advertise that I worked on Warcraft III Reforged lol
Yes. Momentarily companies even distance themselves from Activision/Blizzard.

Its strange that they proudly announce that they work with this company AND are involved in the disaster that Reforged is.
 
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