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Animoca Brands Corporation Ltd

Animoca Brands in trading halt pending acquisition and capital raising news

The company is a global developer leveraging popular brands, gamification, artificial intelligence, blockchain and mobile technology to make engaging apps.

Animoca Brands Corporation Ltd - Animoca Brands in trading halt pending acquisition and capital raising news
Most of Animoca Brands’ games are free to play

Animoca Brands Corporation Ltd (ASX:AB1) is in trading halt pending a proposed acquisition and capital raising news.

The trading halt will remain in place until the earlier of the beginning of trade on Wednesday August 7, or when an announcement is made to market.

READ: Animoca achieves positive cash flow with record receipts in June quarter

For the quarter ended June 30, 2019, the company received record unaudited revenues of about $8.7 million, the highest quarterly result in the company’s history.

Receipts from customers also grew 117% quarter on quarter, from $4.2 million to a record $9.1 million.

The company ended the quarter with $10.2 million in cash and $3.2 million in digital assets, which represents a net increase of 93% and 206% on the cash and digital assets respectively, from the end of Q1 2019.

READ: Animoca Brands set to launch official mobile game of MGM film The Addams Family

The company is also set to launch The Addams Family Mystery Mansion game globally for both iOS and Android devices by the end of the current quarter.

The game is made possible by an interactive licence agreement between Pixowl and MGM Interactive Inc.

The agreement grants Pixowl a non-exclusive licence to use the property and assets of The Addams Family to develop, distribute and monetise The Addams Family Mystery Mansion mobile game for a term lasting through December 31, 2024.

Quick facts: Animoca Brands Corporation Ltd

Price: $0.19

Market: ASX
Market Cap: $151.89 m
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