Fly Play hf.

Capital/Financing Update • Jul 8, 2025

Fly Play hf.: PLAY issues a convertible bond amounting to ISK 2.4 billion

Fly Play hf.: PLAY issues a convertible bond amounting to ISK 2.4 billion

Fly Play hf. has secured binding, conditional subscription commitments from investors for the purchase of a convertible bond totaling ISK 2.4 billion, or approximately USD 20 million. Among the participants in this financing round are the company’s largest shareholders as well as new Icelandic investors.

Attached is a company announcement providing further details on these plans.

Also attached is a press release sent to the media on the same topic.