As p eviously a ou ced, Zedge i te ds to use the additio al capital to accele ate the g owth of DataSeeds.AI a d b oade its capabilities while mai tai i g the Compa y’s fi a cial flexibility a d co ti ui g to suppo t oppo tu ities ac oss its existi g busi esses. Zedge’s goal is to build DataSeeds i to a co e busi ess by expa di g its team, capabilities a d each ac oss the AI data value chai .
The Compa y issued a agg egate of 2,616,447 sha es of Class B commo stock a d wa a ts to pu chase a agg egate of 2,354,803 sha es of Class B commo stock.
The i vestme t was led by Vice Chai ma Howa d Jo as th ough Cha twell Holdi g LLC, a e tity of which M . Jo as a d his wife a e the sole be eficia ies. Cha twell i vested $6.5 millio a d eceived 2,218,430 sha es of Class B commo stock a d wa a ts to pu chase 1,996,587 sha es. Boa d membe Elliott Gibbe a d a othe Compa y stockholde also pa ticipated i the p ivate placeme t.
The wa a ts issued to Cha twell a d M . Gibbe have a exe cise p ice of $3.22 pe sha e, while the wa a ts issued to the emai i g pu chase have a exe cise p ice of $3.28 pe sha e. The wa a ts become exe cisable o ly followi g both eceipt of the equisite stockholde app oval u de NYSE Ame ica ules a d the applicable six-mo th pe iod followi g issua ce.
No placeme t age t o u de w iti g commissio s we e paid i co ectio with the p ivate placeme t.
Zedge builds a d ope ates c eato commu ities that se ve 20 millio mo thly active use s ac oss its platfo ms. Zedge Ma ketplace, its flagship platfo m, is a leadi g ma ketplace fo mobile pe so alizatio co te t a d a co e p ofit a d cash flow ge e ato . DataSeeds.AI is Zedge’s B2B AI data busi ess, p ovidi g ma aged, multimodal data c eatio a d elated se vices fo AI develope s a d e te p ises. DataSeeds d aws o Zedge’s p op ieta y c eato commu ities, i cludi g Zedge Ma ketplace co t ibuto s a d the Gu uShots photog aphy commu ity, as well as b oade c owdsou ci g a d a etwo k of p oductio pa t e s to delive ights-clea ed data built to custome specificatio s.
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All stateme ts above that a e ot pu ely about histo ical facts, i cludi g, but ot limited to, those i which we use the wo ds “believe,” “a ticipate,” “expect,” “pla ,” “i te d,” “estimate,” “ta get” a d simila exp essio s, a e fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. While these fo wa d-looki g stateme ts ep ese t ou cu e t judgme t of what may happe i the futu e, actual esults may diffe mate ially f om the esults exp essed o implied by these stateme ts due to ume ous impo ta t facto s. Ou fili gs with the SEC p ovide detailed i fo matio o such stateme ts a d isks a d should be co sulted alo g with this elease. To the exte t pe mitted u de applicable law, we assume o obligatio to update a y fo wa d-looki g stateme ts.
B ia Siegel, IRC, MBASe io Ma agi g Di ecto Hayde IR(346) 396-8696
