Gaming and entertainment holding company GDEV Inc. announced a tender offer to repurchase up to $20 million of its outstanding ordinary shares at $11.03 per share.
The buyback, funded entirely from the company’s cash and cash equivalents, targets up to 1,813,236 shares. The $11.03 price reflects the trailing 10-day volume-weighted average price as of August 28, 2026, according to the filing.
The tender offer, including the proration period and withdrawal rights, is scheduled to expire at 5:00 p.m. Eastern Time on September 28, 2026, unless extended. Shares tendered in excess of the maximum may be subject to proration, and the offer remains conditional on standard regulatory and corporate requirements.
GDEV, headquartered in Limassol, Cyprus, operates through subsidiaries including Nexters and Cubic Games. The company cited the buyback as a prudent allocation of capital, balancing operational needs with shareholder liquidity given its current financial position and business outlook.
Acquired shares will be held as treasury stock and remain available for future issuance. D.F. King & Co. serves as the information agent, while Continental Stock Transfer & Trust Company acts as the depositary. None of the involved parties have made a recommendation regarding shareholder participation in the tender offer.
