April 8, 2022
We’re delighted to have provided specialist regulatory advice to Artemis Strategic Investment Corporation on its business combination with gambling operator Novibet. The deal will enable Novibet to pursue new markets in Europe and the Americas.
Artemis will merge into a new wholly-owned subsidiary of Novibet in a transaction based on Novibet’s pre-transaction enterprise valuation of $625 million. Following completion of the transaction, Novibet’s ordinary shares will be listed on the Nasdaq Stock Market.
Artemis is a special purpose acquisition company formed in 2021 and listed on Nasdaq in September 2021. Founded in 2010, Novibet currently operates iGaming and online sports betting actively across a number of regulated European markets.
You can find out more about the deal here.
Wiggin’s betting & gaming team has a global reputation for advising leading sector gambling industry stakeholders on commercial and regulatory mandates on both UK and international matters.