Thommessen has acted as legal counsel to Kahoot! AS in connection with the successfully completed private placement raising approximately NOK 852 million in total gross proceeds to the Company, selling shareholders and sellers of shares issued upon exercise of fully vested options.
The private placement was completed on 10 June 2020. The transaction took place through an accelerated bookbuilding process managed by ABG Sundal Collier ASA, Arctic Securities AS and Goldman Sachs International and attracted very strong interest from high-quality institutional investors in Norway and internationally. Due to high demand, the transaction was upsized by approximately 15 % of the original deal size after launch and the transaction was multiple times over-subscribed.
Thommessen also acted as legal counsel to Kahoot! in connection with its admission to trading on Merkur Market in October 2019 and private placement later that month.
Kahoot!'s mission is to make learning awesome. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. Over the past 12 months, more than 218 million games have been played on the Kahoot! platform with 1.3 billion participating players in 200 countries. The Company is preparing for a main listing at the Oslo Stock Exchange in Q1 2021.
Thommessen's team consisted of Hans Cappelen Arnesen, Trine Haaland Danjalsson and Djulia Todorova.