Andrey Fadeev Acquires 37% Stake in GDEV Inc.

Andrey Fadeev has acquired a 37% ownership stake in GDEV Inc. by purchasing 6,709,391 ordinary shares. The acquisition involved an initial purchase of shares in connection with the company's listing on Nasdaq and a subsequent purchase of 2,730,384 ordinary shares for $34,125,000. This purchase was made under a Share Purchase Agreement (SPA) with Boris Gertsovskiy, with payments to be made in three installments. As a result of the SPA, Fadeev has also gained sole control over director appointments to the Issuer's Board. Fadeev, who is the CEO and Chairperson of GDEV Inc., intends to continuously review his investment and may consider various strategic actions, including further acquisitions, sales, or influencing corporate transactions. The agreement includes provisions regarding the deferred payment, restrictions on share disposal, and conditions related to the death or incapacity of either party.