We ended 2022 with intensive work to regain a more robust financial structure and create prerequisites for making Studios into a long-term profitable business and the core business of Goodbye Kansas Group. The rights issues which commenced in the quarter were finalized after the period and added SEK 121 million in new equity. The group’s sales increased in the fourth quarter and Studios had a positive development and was profitable in the quarter.

Goodbye Kansas Group has signed an agreement with a recurring international client to produce a cinematic game trailer. The order value amounts to 5 MUSD, corresponding to approximately 52 MSEK, which makes it one of the largest orders in the company’s history. The signed agreement means that the negotiations which were described in a press release on January 20, 2023, are now complete. Goodbye Kansas Studios have initiated production and expect to complete the project during the fourth quarter 2023.

Goodbye Kansas has for a period of time been negotiating terms and conditions for an order from a recurring international client for the production of a cinematic game trailer. The value of the order is estimated to amount to approximately SEK 51 million. The negotiations between the parties have progressed to a point at which Goodbye Kansas has already started the production. A legally binding order from the client is still pending.

Today, 11 January 2023, the subscription period begins for the previously announced rights issue of approximately SEK 66.5 million in Goodbye Kansas Group AB (publ) (“Goodbye Kansas Group” or “Company”) and the subscription period ends on 25 January 2023 (“Preferential Rights Issue”). Trading in subscription rights takes place on Nasdaq First North Growth Market from today, 11 January 2023, until Friday, 20 January 2023.