What is Storm8?
Storm8 Inc. is a mobile social game developer founded in 2009 by former Zynga designer, Garrett J. Remes, as well as former Facebook engineers, including Perry Tam, William Siu, Chak Ming Li, and Laura Yip in Redwood Shores, California.
How many games has Storm8 published?
Founded in 2009, Storm8 has published more than 45 games across a variety of genres – so there is something for everyone. Our high-quality experiences and deep storytelling keep global users engaged.
Who is behind Storm8’s commercial strategy?
Terence leads Storm8’s commercial strategy and development drawing on nearly 25 years of technology and digital media experience. Prior to Storm8, he led corporate development at Zynga overseeing 35+ transactions and was also an investment banker at Lazard and Deutsche Morgan Grenfell.
Is TeamLava owned by Storm8?
The company also published games under the TeamLava, Shark Party and FireMocha brands, until it consolidated it under Storm8 Studios in March 2015. In June 2011, Storm8 was one of the first free-to-play mobile game publishers to announce that they earned $1 million in a single day.
Storm8 Valuation & Funding
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Storm8 Comparisons
Developer of mobile games located in California. The company is a developer of mobile games for iOS and Android and publ
Storm8 Signals
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What is Stillfront's acquisition of Storm8?
Stillfront’s acquisition of Storm8 is conditional upon the Extraordinary General Meeting resolving to issue the Consideration Shares. The resolution will require the support of shareholders representing not less than two-thirds of both the votes cast and of the shares represented at the Extraordinary General Meeting in Stillfront. If this condition, or any other condition precedent for completion of the Transaction [5] is not fulfilled within a specified time period from the signing of the acquisition agreement, both Stillfront and the sellers of Storm8 have the right to terminate the acquisition agreement. As a consequence, investors participating in the directed share issue as part of the accelerated bookbuilding will enter into binding arrangements regarding their subscription with Stillfront prior to knowing the outcome of the Transaction.
What is Stillfront gaming?
Stillfront is a global group of gaming studios and a market leader in the free-to-play online games genre. Stillfront’s diverse games portfolio has two common themes; loyal users and long lifecycle games. Organic growth and carefully selected and executed acquisitions embody Stillfront’s growth strategy. A core element within Stillfront’s business model is to actively identify, evaluate and acquire interesting gaming companies active in the mobile and browser strategy genre. Stillfront has during the last ten years evaluated more than 1,500 targets and closed 12 acquisitions that have fulfilled Stillfront’s criteria.
What is Stillfront's set off issue?
The proposal means that the issue of the Consideration Shares will be carried out as a set off issue whereby the sellers of Storm8 will set off the relevant part of their respective claim for receipt of the upfront consideration against the subscription price for the Consideration Shares.
What is a preliminary pro forma balance sheet?
A preliminary pro forma consolidated condensed balance sheet per 30 September 2019 is presented below with the purpose of describing the financial situation after the Transaction. The pro forma consolidated balance sheet is solely intended to describe the hypothetical situation of the new group as if the Transaction had been completed as of 30 September 2019, based on Stillfront’s and Storm8’s financial situation as of 30 September 2019. Storm8 has thus far had USD as its reporting currency. The USD figures have been translated to SEK using the FX-rate as of 30 September 2019, with USD/SEK at 9.80. Stillfront has carried out a preliminary IFRS conversion of Storm8’s financial position for the purposes of the pro forma financial statements. All numbers are preliminary and unaudited. [3]
How many games does Storm8 have?
Founded in 2009, Storm8 has published more than 45 games across a variety of genres – so there is something for everyone. Our high-quality experiences and deep storytelling keep global users engaged. And finding new ways to enjoy playing for a minute or an hour is what keeps them coming back day after day.
Who is the lead developer of Storm8?
Chak leads Storm8’s game development strategy, driving new game conceptualization, planning and portfolio growth. Before co-founding Storm8, Chak worked as an engineer at Facebook and Google building ad systems. Chak received his undergraduate degree from the University of Waterloo.
Where did Perry work before Storm8?
Before co-founding Storm8, Perry was an engineer at Facebook, where he led the payments team that architected Facebook Credits. Previously, he held engineering roles at Guidewire Software and Oracle. The author of four patents, Perry received his undergraduate degree from Cornell University.
Who is Terry from Storm8?
Terry leads the planning and execution of Storm8's portfolio growth initiatives. Prior to joining Storm8 he worked as a product manager at Zynga. Terry received his MBA from the Massachusetts Institute of Technology and undergraduate degree from UC Berkeley.
What is Star8 Corp?
MIAMI, FL / ACCESSWIRE / October 21, 2021 / Star8 Corp. (OTC PINK:STRH), a technology and eCommerce company, is excited to announce the launch of its new corporate website, Star8Corp.
Where is Star8 located?
MIAMI, FL / ACCESSWIRE / October 19, 2021 / Star8 Corp. (OTC PINK:STRH), a publicly traded technology and eCommerce company based in Miami, Florida, is pleased to announce the launch of its new in-house digital marketing business.
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How much did Storm8 make in 2011?
In June 2011, Storm8 was one of the first free-to-play mobile game publishers to announce that they earned $1 million in a single day. The following year, technology news site TechCrunch referred to Storm8 as the "quiet mobile gaming giant" for successfully building one of the biggest mobile social gaming networks without raising any venture capital funding, and remaining relatively quiet with the press.
Who is Storm8?
Storm8. Storm8 Inc. is a mobile social game developer founded in 2009 by former Zynga designer, Garrett J. Remes, as well as former Facebook engineers, including Perry Tam, William Siu, Chak Ming Li, and Laura Yip in Redwood Shores, California.
The Transaction in Brief
- The total upfront consideration payable upon completion of the acquisition of 100 percent of the shares in Storm8 amounts to USD 300 million on a cash and debt free basis, of which USD 75 million s...
- The sellers will also be entitled to an earn-out consideration of up to USD 100 million if certain EBIT levels for the financial year 2020 and 2021 are achieved, payable 75 percent in cash an…
- The total upfront consideration payable upon completion of the acquisition of 100 percent of the shares in Storm8 amounts to USD 300 million on a cash and debt free basis, of which USD 75 million s...
- The sellers will also be entitled to an earn-out consideration of up to USD 100 million if certain EBIT levels for the financial year 2020 and 2021 are achieved, payable 75 percent in cash and 25 p...
- The Transaction is in line with Stillfront’s communicated strategy to actively identify, evaluate and acquire attractive mobile and browser-based gaming companies
- Stillfront’s wide portfolio of successful midcore strategy games and Storm8’s portfolio of over 50 published casual, puzzle and latest narrative match3 games with progression meta layers …
Background and Reasons
- Stillfront is a global group of gaming studios and a market leader in the free-to-play online games genre. Stillfront’s diverse games portfolio has two common themes; loyal users and long lifecycle games. Organic growth and carefully selected and executed acquisitions embody Stillfront’s growth strategy. A core element within Stillfront’s business model is to actively identify, evaluat…
Unaudited Pro Forma Information
- A preliminary pro forma consolidated condensed balance sheet per 30 September 2019 is presented below with the purpose of describing the financial situation after the Transaction. The pro forma consolidated balance sheet is solely intended to describe the hypothetical situation of the new group as if the Transaction had been completed as of 30 September 2019, based on Stil…
Consideration
- The transaction involves the acquisition of 100 percent of the shares in Storm8 through a so called reverse triangular merger for an upfront consideration payable upon completion of acquisition of 100 percent of the shares in Storm8. The upfront consideration amounts to USD 300 million on a cash and debt free basis, of which USD 75 million shall be paid with the Conside…
Issue of The Consideration Shares and Financing
- Stillfront’s Board of Directors has resolved to summon an Extraordinary General Meeting in order to resolve on, inter alia, the proposed set off issue of the Consideration Shares. The proposal means that the issue of the Consideration Shares will be carried out as a set off issue whereby the sellers of Storm8 will set off the relevant part of their respective claim for receipt of the upfront …
Conditions For The Completion of The Transaction
- Stillfront’s acquisition of Storm8 is conditional upon the Extraordinary General Meeting resolving to issue the Consideration Shares. The resolution will require the support of shareholders representing not less than two-thirds of both the votes cast and of the shares represented at the Extraordinary General Meeting in Stillfront. If this condition, or any other condition precedent for …
Extraordinary General Meeting and Voting Commitments
- An Extraordinary General Meeting in Stillfront is planned to be held on 7 February 2020 to approve the issuance of shares resolved on by the Board of Directors and to issue the Consideration Shares. For further information, please refer to the notice and announcement of the outcome in the accelerated bookbuilding procedure in separate press releases which will be published befor…
Transaction Costs
- Stillfront’s total costs for the Transaction are estimated to amount to approximately SEK 80 million of which SEK 45 million will be accounted for in Q1 2020 and the rest will be accounted for over the course of the respective financial instrument’s maturity.
Stillfront and Storm8 Company Presentations
- A joint company presentation in respect of Stillfront and Storm8 containing information regarding, but not limited to, Storm8 stand-alone financials and key performance indicators for the period until 30 September 2019, which has not previously been disclosed to the general public are attached to this press release and will be published on Stillfront’s website, www.stillfront.com, s…
Conference Call For Investors, Analysts and The Media
- Representatives of Stillfront will participate in a conference call on January 22, at 9.00 CET. To participate, please use the details set out below. To participate by telephone, please dial; SE: +46 8 505 583 51 UK: +44 33 330 092 71 US: +1 83 382 305 90 To participate via audiocast; https://tv.streamfabriken.com/2020-01-22-stillfront-press-conference