Zeus acted as Nominated Adviser, Broker and Bookrunner to Devolver Digital Inc. in raising $10 million by way of equity placing

Zeus is delighted to have acted as Nominated Adviser, Broker and Bookrunner to Devolver Digital Inc. in raising $10 million by way of equity placing, priced at 33p, a 10% premium to the closing price.

Devolver is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published over 120 titles, with more than 30 titles in the pipeline scheduled for release over the next three years. Devolver has in-house studios developing first-party IP titles and a complementary publishing brand.

The net proceeds of the placing will be used to further strengthen the balance sheet, providing additional flexibility for Devolver to be able to take up further opportunities as they arise over the medium term and deliver shareholder value.

Zeus team

Nick Cowles, Ben Roberston, Kieran Russell and Jake Walker.

Ben Roberston

Head of Equity Capital Markets, Zeus

“We are thrilled to have supported Devolver in their inaugural on-market fundraise, which was successfully completed at a premium to the market price. With a bolstered balance sheet, Devolver is now well-positioned to seize future market opportunities. We eagerly anticipate maintaining our long-term relationship with Devolver and continuing to assist them with a variety of transactions.”

Harry Miller

CEO, Devolver Digital Inc.

“We would like to thank Zeus for their help in navigating our maiden on-market fundraise. We are pleased to have successfully completed the fundraise at a premium to market value. We are grateful for the strong support from our existing shareholders and the opportunities this provides us.”

Contact

If you would like further information, please get in touch with our team.

Nick Cowles Co-CEO+44 (0) 161 393 1977+44 (0) 7881 672 405LinkedIn Scan with your phone camera to add to contacts Download vCard
Benjamin Robertson Head of Equity Capital Markets+44 (0) 203 829 5625+44 (0) 7768 511 056LinkedIn Scan with your phone camera to add to contacts Download vCard

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