Rymarz Zdort Maruta advises Huuuge on execution of agreements involving investments in Israeli mobile game company

We are pleased to announce that we advised Huuuge, Inc. (“Huuuge”) on the execution of a simple agreement for future equity and a call option deed agreement with an Israeli mobile game company and its existing investors.

Huuuge undertook to invest up to USD 6,000,000 in the company in exchange for the future right to receive newly issued shares assuming a pre-money valuation of USD 16,500,000. The Company will use the proceeds primarily to develop its team and projects, as well as to invest in user acquisition.

Huuuge, Inc. is a global developer and publisher of free-to-play games for mobile devices and online platforms. It is a company established under Delaware, USA law. The company is best known for social casino games.

The transaction team included: Filip Leśniak (a partner and co-head of the Equity Capital Markets practice and Szymon Rutecki (associate). On the regulatory aspects of the gaming sector, support was provided by Michał Pękała (a partner and the head of the Video Games & Entertainment practice).

Support on British and Israeli law was provided, respectively, by law firms BCLP and Barnea. We sincerely thank the teams led by Jinal Shah and Ariella Dreyfuss for their cooperation.