ASX ANNOUNCEMENT 2019

 

ASX - December 27, 2019

New issue announcement, application for quotation of additional securities and agreement

ASX - December 24, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or “the Company”) wishes to advise that ASX has issued to the Company a letter detailing what ASX believes to be breaches of the listing rules. The letter places a particular emphasis on elements of the Company’s business that ASX has recently indicated it does not consider to be appropriate for a listed company, in particular, “substantial involvement in cryptocurrency related activities” and “substantial use of SAFEs issued by subsidiaries”. It is a lengthy letter and there are other issues to address in addition to those aspects.

ASX - December 20, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or “the Company”) is pleased to advise that it has appointed Raymond Shuai as finance director.

ASX - December 16, 2019

Highlights:

  • Animoca Brands to acquire nWay, Inc. (“nWay”) for US$7.69 million (approx. A$11.4 million) of which US$1.94 million (approx. A$2.9 million) is in cash and US$5.75 million (approx. A$8.5 million) in shares

  • Share consideration will be based on a price per share of the higher of A$0.18 or the 30-day VWAP as of the effective date

  • Cash consideration includes US$250,000 (approx. A$369,000) to the Sellers and a US$1.69 million (approx. A$2.5 million) cash investment into nWay for operating purposes

  • nWay is a game developer and publisher of high-quality AAA games on console, PC, and mobile platforms

  • nWay revenue (unaudited) in the first 8 months of 2019 was US$6.98 million (approx. A$10.2 million) with  EBITDA loss of US$1.3m (approx. A$1.88m) 

  • nWay has a global license granted by Lionsgate and Hasbro to make use of the Power Rangers brand, including in POWER RANGERS: Legacy Wars, nWay’s award-winning mobile game with over 50 million downloads

  • nWayPlay platform (in development) will provide developers with complete backend and fully managed live-ops services to quickly develop and operate competitive multiplayer cross-platform games (currently available to alpha partners)

  • nWay developers and executives have worked at major technology companies including Google, Tencent, Sony, Electronic Arts, Nintendo, LucasArts, Blizzard, Kabam, Nexon, and NCSoft; the current management will continue to operate nWay

  • Acquisition adds nWay’s portfolio of games, experienced team, a powerful suite of technologies, and a platform to enter the rapidly growing competitive multiplayer gaming space.

  • To fund the Acquisition and other opportunities, Animoca Brands has entered into unsecured 12-month loan agreements for a total of A$2.5 million, with attached 12-month options, from sophisticated investors connected to the Company (see “Loan funding” section for details)

ASX - December 13, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or “the Company”) is pleased to advise that it has appointed its current financial advisor John Madden as co-company secretary.

ASX - November 20, 2019

Attached for the information of the market is ASX’s query letter to Animoca Brands Corporation Limited (ASX:AB1) dated 13 September 2019 and AB1’s response dated 18 November 2019. ASX’s enquiries are ongoing. AB1’s securities will remain suspended until further notice.

ASX - November 07, 2019

Highlights:

  • The Company is acquiring US$420,000 (approx. A$610,000) worth of shares of Sky Mavis in a cash and scrip deal (consisting of US$125,000 in cash and US$295,000 in AB1 shares issued at A$0.18 per share)

  • Animoca Brands leads Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups in an investment round totalling US$1.465m (approx. A$2.13m) into Sky Mavis, the maker of the highly rated blockchain game Axie Infinity

  • The Company has signed an Advisory Agreement with Sky Mavis to receive advisory and consultation services in the areas of scarcity models and non-fungible tokens (NFTs)

  • The Company has signed a memorandum of understanding to explore further collaboration with Sky Mavis

  • Axie Infinity is among the highest-grossing blockchain games, with sales of over US$1.1m (approximately A$1.6m), and partners that include Samsung, Klaytn (Kakao), MakerDAO, and Loom Network

ASX - October 31, 2019

Quarterly report for entities subject to Listing Rule 4.7B

ASX - October 25, 2019

New issue announcement, application for quotation of additional securities and agreement

ASX - October 17, 2019

New issue announcement, application for quotation of additional securities and agreement

ASX - October 14, 2019

Animoca Brands Corporation Limited (ASX:AB1 or the “Company”) wishes to advise that its securities will remain in suspension pending the release of price-sensitive announcements and the completion of the ASX’s ongoing inquiries in relation to the Company’s half-year report for the period ended 30 June 2019.

ASX - October 10, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or the “Company”) is pleased to advise that The Addams Family Mystery Mansion (the “Game”), the official mobile game based on the highly anticipated animated movie The Addams Family, has launched globally on the App Store and Google Play. 

ASX - September 30, 2019

Animoca Brands Corporation Limited (ASX:AB1 or the “Company”) is pleased to advise that it has completed the acquisition of 100% of the equity of Stryking Entertainment GmbH (“Stryking”) based on the terms disclosed in the Company’s ASX announcement of 4 April 2019.

ASX - September 26, 2019

  • Three-year global licensing rights secured from Dorna Sports to develop and publish a blockchain Manager Game and Collectibles based on MotoGP™

  • MotoGP is the oldest motorsports championship in the world and watched by over 400m viewers worldwide

  • Consolidates the Company’s lead in the space of blockchain for major sports brands, particularly motorsports (following deal with Formula 1®)

  • Capital raise of A$1m closed at a premium at a price per share of A$0.20 from sophisticated investors, including Moses Tang (founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific). 

  • Co-founder and chairman Yat Siu to participate in the raise, subject to shareholder approval

  • Manager Game to be launched by start of MotoGP’s 2020 racing season

ASX - September 03, 2019

The Company’s securities will remain in suspension pending the release of a price sensitive announcement in relation to a proposed capital raising and licensing agreement. The Company’s securities will be reinstated to official quotation once the announcement is released to the market.

ASX - September 02, 2019

The securities of the following entities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 2 September 2019, following their failure to lodge the relevant periodic report by the due date.

​ASX - September 02, 2019

Animoca Brands has released its Appendix 4D and half-yearly report for 2019 demonstrating significant growth in revenue (47%) as well as digital and financial current assets (177%). The company ended the period with  $16.6 million in cash, digital and financial current assets, up 177% year-on-year, due to an increase in cash generation and an increase in the value of digital assets. 

​ASX - August 23, 2019

New issue announcement, application for quotation of additional securities and agreement

ASX - August 21, 2019

For an offer of 100 Shares at an issue price of $0.18 each to remove trading restrictions on Shares issued on or before the Closing Date (Offer).

ASX - August 16, 2019

Highlights:

  • Animoca Brands and Versus Systems (“Versus”) will transfer to each other fully paid ordinary shares of their companies equal in value to US$0.5 million

  • Versus is an advertising company listed on the Canadian Stock Exchange, focusing on the development of in-game prizing and promotion tools

  • Versus developed the Winfinite platform, a set of products that allow publishers and developers to offer in-game prizing across mobile, console, PC games, and streamed media

  • Following the share exchange, Animoca Brands and Versus will progress the framework for a strategic cooperative agreement

ASX - August 14, 2019

Animoca Brands Corporation Limited ACN 122 921 813 (ASX:AB1) (“AB1”) refers to the letter dated 9 August 2019 from ASX (ASX Letter) in relation to:

1. AB1’s announcement entitled “Acquisition of Quidd & Strategic Capital Raise” released on ASX’s Market Announcements Platform on 8 August 2019 in which AB1 disclosed its acquisition of Quidd, Inc and capital raise of $8,000,000 (the Announcement); and

2. the article published on 7 August 2019 on The Block under the headline ‘Digital collectibles market seeing renaissance as platform targeting superfans scores ~$8M acquisition’ (the Article).

ASX - August 08, 2019

The suspension of trading in the securities of Animoca Brands Corporation Limited (‘AB1’) will be lifted immediately, following the release by AB1 of an announcement regarding a proposed acquisition and capital raising.

ASX - August 08, 2019

Highlights:

  • Animoca Brands to acquire 100% of Quidd, Inc., a digital goods company that owns and operates the leading global marketplace for buying and selling digital collectibles

  • Quidd has the world’s largest assortment of digital collectibles licences and partnerships (over 325 brands) featuring the world’s top content owners across multiple verticals - partners include Disney, Marvel, HBO (Game of Thrones), CBS (Star Trek) and NBA, among others

  • To date, Quidd has issued over 2.1 billion individually-serialized digital collectibles to 6.8 million unique users, and had an average of 208,000 monthly active users for the first half of 2019

  • Quidd was founded by veterans from Topps, the leader in the sports memorabilia and collectibles industry

  • The transaction significantly increases Animoca Brands’ economic potential in the digital collectibles sector through digital licensing arrangements with premier content owners

  • Shares-only deal with US$5m payable upfront and up to US$3m in earn-out payments based on achieving a yearly net profit of US$1.25m, US$1.5m and US$2m, respectively, over 3 years 

  • Animoca Brands completed a strategic capital raise of A$8m (includes director participation) at A$0.20 per share (16.0% premium to 30-day VWAP) to strategic investors, Australian institutional investors, and existing shareholders

  • Funds will provide working capital for the acquisition and  the advancement of various business opportunities including the expansion and localisation of Quidd into large collectibles markets in Asia and Europe

  • The Company aims to boost the user base and revenue of Quidd by expanding to new markets, as well as drive growth through opportunities unlocked by the new additions to IP portfolio 
     

ASX - August 07, 2019

The securities of Animoca Brands Corporation Limited (‘AB1’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of AB1, pending consideration by ASX of the terms of a proposed acquisition and capital raising.

ASX - August 06, 2019

The securities of Animoca Brands Corporation Limited (‘AB1’) will be placed in trading halt at the request of AB1, pending it releasing an announcement regarding a proposed acquisition and capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 August 2019 or when the announcement is released to the market.

ASX - July 31, 2019

Animoca Brands Corporation Limited (ASX:AB1) (“the Company”) today released its Appendix 4C for the three-month period from 1 April 2019 to 30 June 2019 (2Q19 or “the Quarter”). 


Key points 

  • Positive operating cash flow of $2.9 million received during the Quarter

  • The Company recognised record cash receipts of $9.1 million for the Quarter and $13.2 million for the first half of 2019

  • Record unaudited revenues of approximately $8.7 million for the Quarter and $13.0 million for the first half of 2019
     

ASX - July 25, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or the “Company”) is pleased to advise that its wholly-owned subsidiary Pixowl, Inc. (“Pixowl”) is developing The Addams Family Mystery Mansion (the “Game”), an official mobile game based on the highly anticipated animated movie The Addams Family. The Game is made possible by an interactive license agreement (the “Agreement”) between Pixowl and MGM Interactive Inc. ("MGM"). 

ASX - July 23, 2019

Animoca Brands Corporation Limited (ASX Code: AB1) refers to certain shares that were issued on 25 January 2019 and 16 April 2019 under LR 7.1A.

ASX - July 16, 2019

In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001 (Cth), Animoca Brands Corporation Limited (ASX: AB1) (the Company) advises the results of the Company’s 2019 Annual General Meeting.

ASX - June 27, 2019

Details of substantial holder

Name: Ponderosa Investments (WA) Pty Ltd ATF

ACN: Ponderosa Trust

The holder became a substantial holder on 25/6/2019

ASX - June 27, 2019

  • Animoca Brands to acquire 100% of Gamma Innovations Inc. (“Gamma”) to leverage new audiences and leverage distributed computing power

  • Gamma’s GammaNow computing engine is a desktop application that leverages users’ idle processing power 

  • Acquisition price is US$350,000, with a potential earnout of US$2,500,000 if Gamma achieves (a) a cumulative revenue target of at least US$5 million over the three year period after the closing of the transaction, and (b) a net profit of at least 5% over that period. Animoca Brands may also, at its sole discretion, commit up to an additional US$350,000 to fund Gamma’s operations, research and development, and customer acquisition

  • Gamma has a Software License and Development Agreement with Razer (HKSE: 1337), a leading global lifestyle brand for gamers. Gamma whitelabeled GammaNow to develop ‘Razer SoftMiner’, software that utilises users’ idle processing power to mine for ethereum (Gamma collects 50% of the value of tokens mined). In return, users receive Razer’s own loyalty credits called Razer Silver

  • Razer SoftMiner launched in December 2018 and was integrated into the software that runs across Razer’s user base of over 60 million. To date, there have been 692,000 installs of the Razer SoftMiner software 

  • The acquisition of Gamma confers to Animoca Brands a commercial relationship with Razer, which represents a potential audience of 60 million users, consisting primarily of gamers 

  • The Company is exploring opportunities for the inexpensive, reliable, and scalable computing power of GammaNow

ASX - June 25, 2019

The securities of Animoca Brands Corporation Limited (‘AB1’) will be placed in trading halt at the request of AB1, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 27 June 2019 or when the announcement is released to the market.

ASX - June 25, 2019

Trading in the securities of the entity will be temporarily paused pending a further announcement.

ASX - June 20, 2019

  • Kevin Abosch is an internationally acclaimed artist based in NYC with works that have sold for over $1m each

  • His works have been exhibited globally, including in Russia, Ireland, Colombia, and Switzerland, among others

  • Mr Abosch has worked extensively with digital tokens and the blockchain - his work entitled ‘Forever Rose’ (an ERC-20 token based on a photo) sold for US$1m

  • Buyers of his work include former Skype COO Michael Jackson, who purchased a piece representing the blockchain address for a token called  ‘YLAMBO’ for US$0.4m

  • Previously collaborated with world-famous artist Ai Weiwei to create a digital token called ‘PRICELESS’

  • Mr Abosch will provide creative advice and direction on NFT sales for the Company’s projects including F1 Delta Time and The Sandbox

  • Animoca Brands will also leverage Mr Abosch’s established following to drive sales and bolster its profile

ASX - June 19, 2019

Animoca Brands Corporation Limited (ASX: AB1, “Animoca Brands” or “the Company”) wishes to share with shareholders and the public the attached letter dated 19 June 2019, for the purpose of outlining the Chairman’s vision for the Company.

ASX - June 18, 2019

The Directors and management of Animoca Brands Corporation Limited (Animoca Brands or the Company) are committed to conducting the business of Animoca Brands and its controlled entities (the Group) in an ethical manner and in accordance with the highest standards of corporate governance. The Company has adopted and substantially complies with the ASX Corporate Governance Principles and Recommendations (Third Edition) (Recommendations) to the extent appropriate to the size and nature of the Group’s operations.

ASX - June 17, 2019

The suspension of trading in the securities of Animoca Brands Corporation Limited (‘AB1’) will be lifted immediately, following the receipt from AB1 of a copy of the Orders from the Supreme Court of Western Australia issued on 14 June 2019 granting relief pursuant to Section 1322(4) of the Corporations Act 2001 in respect of shares issued by AB1 without disclosure during the period after their issue on 7 September 2018 to 3 June 2019 (inclusive).

ASX - June 17, 2019

  • Android version of Crazy Defense Heroes successfully launched on Google Play 

  • Android is the world's largest mobile app market (~75% market share) and dominant operating system 

  • Early Access phase of the game  on Google Play generated significant interest, resulting in ~400,000 pre-registrations in the last month

  • Total downloads since launch on iOS in January 2018 are approximately 1.4 million, making the number of pre-registrations on Google Play highly encouraging

  • Franchise has been highly successful to date on iOS

  • The Company is leveraging key influencers on social media to market the Google Play version of Crazy Defense Heroes. Combined, these influencers reach over 45 million people on social media such as YouTube, Facebook, and TikTok

  • The Company expects that the launch on Google Play will increase network effect for all versions of both Crazy Kings and Crazy Defense Heroes globally 

  • Distribution agreements, marquee branding partnerships and re-skin initiatives to bolster successful metrics and provide additional revenue opportunities are being progressed

ASX - June 14, 2019

Animoca Brands Corporation Limited (ASX:AB1) (Company) refers to its market announcements on 23 May 2019, 7 June 2019 and 13 June 2019, and its prospectus dated 3 June 2019 (Prospectus), regarding its application to the Supreme Court of Western Australia (Court) in relation to shares issued without disclosure on 7 September 2018, 16 November 2018, 13 December 2018, 25 January 2019 and 16 April 2019 (Relevant Shares).

ASX - June 13, 2019

Animoca Brands Corporation Limited (ASX:AB1) (Company) refers to its market announcements on 23 May 2019 and 7 June 2019, and its prospectus dated 3 June 2019, regarding its application to the Supreme Court of Western Australia (Court) for orders validating any trading of shares issued without disclosure on 7 September 2018, 16 November 2018, 13 December 2018, 25 January 2019 and 16 April 2019 (Relevant Shares) prior to the Prospectus being lodged with ASIC, and relieving sellers of Relevant Shares from any civil liability.

ASX - June 13, 2019

  • Mr Madden has over 30 years experience with large and small listed entities, as well as multiple public unlisted companies 

  • Mr Madden is an expert in corporate governance and accounting standards and a Fellow of the CPA Institute and a Member of the Institute of Company Directors

  • Majority of Mr Madden’s career was spent with Rio Tinto in Australia and companies operating in the Asia-Pacific region

  • Mr Madden has extensive knowledge of global accounting standards, ASX listing rules and reporting requirements, as well as compliance protocols

  • Appointment strengthens Animoca Brands’ best-in-class management team 

ASX - June 11, 2019

Notice is given that the Meeting will be held at:

Time: 10.00 am (Hong Kong time)

Date: 16 July 2019

Place: Unit 417-421, Level 4, Cyberport 1, 100 Cyberport Road, Hong Kong SAR

ASX - June 07, 2019

As announced to ASX on 23 May 2019 and disclosed in its prospectus released to ASX on 4 June 2019 (Prospectus), Animoca Brands Corporation Limited (Company) has become aware that certain shares that it issued without disclosure on 7 September 2018, 16 November 2018, 13 December 2018, 25 January 2019 and 16 April 2019 (Relevant Shares) were, inadvertently, not accompanied by the issue of a valid cleansing document to permit immediate trading of these shares.

ASX - June 04, 2019

New issue announcement, application for quotation of additional securities and agreement

June 04, 2019

For an offer of 100 Shares at an issue price of $0.15 each to remove trading restrictions on Shares issued on or before the Closing Date (Offer).

ASX - May 23, 2019

Highlights

  • iCandy, Animoca Brands (AB1) and 9Games (a unit of Alibaba digital media and entertainment business group) partner on the expansion of iCandy’s mobile game ‘Groove Planet’ into Mainland China

  • 9Games to localise and market the game for both Android and iOS

  • iCandy and Animoca Brands will license the game and provide relevant technical support

  • 9Games and iCandy will share the revenue generated by Groove Planet in China, with Animoca Brands entitled to a proportion of the revenue collected by iCandy

  • iCandy and Animoca Brands to benefit from access to Chinese market, through 9Games’ strong   regional presence and established distribution channels

ASX - May 23, 2019

  • Animoca Brands receives approx A$3.6 million (US$2.5m) in cash and cryptocurrency via the issue, by its wholly owned subsidiary TSB Gaming Ltd., of SAFE convertible securities and SAND utility tokens to fund development of the upcoming blockchain version of The Sandbox

  • The investment was led by Hashed, the largest crypto assets fund and accelerator in South Korea, with operations based in San Francisco and Seoul

  • Partnership with Klaytn to distribute The Sandbox through its Klaytn ecosystem. Klaytn is the blockchain platform and subsidiary of leading Korean mobile technology company Kakao, the dominant messaging app in South Korea with over 50 million monthly active users and ~US$9.2bn market cap

  • The Sandbox is currently a highly successful mobile game franchise (40m installs, 1.2m active monthly users); once the blockchain version is launched it will become one of the first decentralised, community driven game platforms, providing users with true ownership of their creations as non-fungible tokens (NFTs: virtual tokens for digital scarcity, security and authenticity representing game items)

  • The Company expects The Sandbox’s decentralised marketplace to launch Q3 2019

ASX - May 23, 2019

As announced on 14 May 2019, Animoca Brands Corporation Limited (the “Company”) has requested a voluntary suspension of trading in its securities. This request is related to a capital raising by one of the Company’s subsidiaries.

​ASX - May 22, 2019

Animoca Brands Corporation Limited ACN 122 921 813 (ASX: AB1) (the Company) advises that the Australian Securities and Investments Commission has granted the Company approval to extend the time within which the Company must hold its 2019 Annual General Meeting (AGM) under section s250P of the Corporations Act 2001 (Cth).

ASX - May 16, 2019

Animoca Brands Corporation Limited ACN 122 921 813 (ASX: AB1) (the Company) advises that as requested by ASX, the Company will recommence Appendix 4C reporting and will lodge its next Appendix 4C by Wednesday, 31 July 2019.

ASX - May 14, 2019

The securities of Animoca Brands Corporation Limited (‘AB1’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of AB1, pending consideration by ASX of the terms of a capital raise by one of AB1’s subsidiaries.

ASX - May 10, 2019

The securities of Animoca Brands Corporation Limited (‘AB1’) will be placed in trading halt at the request of AB1, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 14 May 2019 or when the announcement is released to the market.

ASX - May 06, 2019

  • Animoca Brands to acquire 100% of the equity in Leade.rs, Inc, co-founded by Loic Le Meur, one of Silicon Valley’s most high-profile angel investors and tech entrepreneurs 

  • Mr Le Meur has had substantial exits and investments in companies such as LinkedIn, Slack, Evernote, Lending Club, Teads, and Fair

  • Leade.rs is a networking and event matching platform for high-profile technology event speakers, and facilitates the generation of business and investment opportunities 

  • Animoca Brands will utilise the Leade.rs platform and network to provide mentoring and investment opportunities for the companies accelerated by Zeroth, the first artificial intelligence, machine learning, and blockchain focused accelerator

  • As partner in Animoca Brands and a highly influential and well-connected entrepreneur and investor, Mr Le Meur will assist in growth and expansion opportunities, particularly in Silicon Valley, for Animoca Brands and its subsidiary Zeroth

  • Prominent technology industry leaders will become shareholders of Animoca Brands via the Acquisition, including Reid Hoffman (co-founder and former executive chairman of LinkedIn), and Phil Libin (co-founder and former CEO of Evernote)

ASX - May 01, 2019

Notice is given that the Meeting will be at:
Time: 9.30am (Hong Kong Time)

Date: 31 May 2019

Place: Unit 417 - 421, Level 4, Cyberport 1, 100 Cyberport Road, Hong Kong SAR

ASX - May 01, 2019

Highlights:

  • Animoca Brands and Brinc enter into a mutual investment for US$750,000 in shares

  • Animoca Brands leads pre-seed investment round into Brinc’s subsidiary Brinc AOA with investment of US$750,000 (~A$1.06m)

  • Artesian - Australia’s largest and most active early stage venture capital firm - will also invest US$750,000 (~A$1.06m) in Brinc AOA 

  • Animoca Brands and Brinc will collaborate on the establishment of an esports and gaming accelerator 

  • Global esports market estimated to be worth US$1.1B (~A$1.56B) in 2019 (26.7% year-on-year increase)

  • Global esports audience estimated to exceed 450 million in 2019

  • The Company will leverage the contacts of its recently appointed head of partnerships Michael Ephraim to advance the new gaming and esports accelerator

  • Mr Ephraim, former managing director of Sony Playstation in Australia and New Zealand, was also the chairman of Showdown, a producer of esport tournaments and exclusive distributor for Twitch media in Australia and New Zealand