Gaming Innovation Group has resolved, among other things, a change in the name of the company to Gentoo Media Inc.
The company’s amended and restated certificate of incorporation, reflecting the change of name, has today been filed with the company secretary of the State of Delaware and the name change is now effective.
The company will initiate the name and ticker change on the Oslo Stock Exchange and Nasdaq Stockholm, expecting the changes to be effective from tomorrow.
The ticker for the shares listed on Oslo Stock Exchange will change from “GIG” to “G2MNO”, while the ticker for the shares listed on Nasdaq Stockholm will change from “GIGSEK” to “G2M”.
This is an administrative matter and shareholders do not need to take any action. The company’s ISIN code will remain unchanged, US36467X2062.
The board of directors will now initiate the final steps of the restructuring process through which the GiG Platform business will be spun off to operate as an independent public company, GiG Software PLC.
The assets and subsidiaries of the GiG Platform business will be extracted from the company and distributed to the shareholders in the form of depository receipts in GiG Software PLC.
The spinoff will result in the company being split into two separate unaffiliated public companies. The media business will remain with the company and continue as Gentoo Media Inc.
