FORTIFAI LTD — Capital/Financing Update 2024

Apr 16, 2024

ASX Announcement 17 April 2024

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ASX CODE: MKL
BOARD & MANAGEMENT
David Butorac
Non-Executive Chair
Ian Hogg
Non-Executive Director
Mark Aubrey
Non-Executive Director
Chris Whiteman
Non-Executive Director
David Yin
Chief Executive Offier
Simon Rabbitt
CFO/COO
Katelyn Adams
Company Secretary
CONTACT
E : hello@mightykingdom.com
W : www.mightykingdom.com
A : Lv4, 121 King William St
Adelaide SA 5000
P: PO Box 3106
Rundle Mall SA 5000
Australia
ACN: 627 145 260
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Results of Retail Shortfall Bookbuild and Update to Timetable

Highlights

• c.$5.2m raised via Retail Shortfall Bookbuild

Mighty Kingdom Ltd (ASX: MKL) (“ MKL ” or the “ Company ”) today announces the completion of the retail shortfall bookbuild (“ Retail Shortfall Bookbuild ”) for the retail component of its 5 for 1 pro-rata accelerated renounceable entitlement offer (with retail entitlments trading) (“ Entitlement Offer ”) of new MKL fully paid ordinary shares (“ New Shares ”).

The Retail Shortfall Bookbuild represents the final stage of the Retail Entitlement Offer announced by MKL on Friday 15 March 2024.

The Entitlement Offer has raised gross proceeds of approximately $6.25 million.

Summary of the Retail Shortfall Bookbuild

The Retail Shortfall Bookbuild was conducted on Monday 15 April 2024.

Approximately 1,731,887,435 retail entitlements (“ Retail Entitlements ”) were offered for sale in the Retail Shortfall Bookbuild. All Retail Entitlements were taken up by sophisticated investors (“ Sophisticated Investors ”). The Retail Shortfall Bookbuild did not price above the Retail Entitlement Offer Price of $0.003 and as a result there will be no premium available for distribution.

The Retail Shortfall Bookbuild process resulted in significant additional bids from high quality investors that were not able to be accommodated and the Company is assessing options around these bids.

Mighty Kingdom Limited (ASX: MKL)

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Update to timetable

The indicative timetable for the Entitlement Offer is updated as follows.

Announcement of results of Retail Shortfall Bookbuild	Wednesday 17 April 2024
Settlement of New Shares issued under the Retail Entitlement	Wednesday 17 April 2024
Offer
Allotment of New Shares issued under the Retail Entitlement	Thursday 18 April 2024
Offer
New Shares issued under the Retail Entitlement Offer	Friday 19 April 2024
commence trading on ASX
Settlement of New Shares issued under Retail Shortfall
Bookbuild
Dispatch of holding statements in respect of New Shares issued	Monday 22 April 2024
under the Retail Entitlement Offer
Allotment of New Shares issued under Retail Shortfall
Bookbuild
Announcement of results of Retail Shortfall Bookbuild	Tuesday 16 April 2024
Settlement of New Shares issued under the Retail Entitlement	Wednesday 17 April 2024
Offer
Allotment of New Shares issued under the Retail Entitlement	Thursday 18 April 2024
Offer
New Shares issued under the Retail Entitlement Offer	Friday 19 April 2024
commence trading on ASX
Settlement of New Shares issued under Retail Shortfall
Bookbuild
Dispatch of holding statements in respect of New Shares issued	Monday 22 April 2024
under the Retail Entitlement Offer
Allotment of New Shares issued under Retail Shortfall
Bookbuild

This Timetable above is indicative only and may be subject to change without notice. MKL reserves the right to amend any or all of these dates and times subject to the Corporations Act, the Listing Rules and other applicable laws. MKL reserves the right to extend the closing date for the Retail Entitlement Offer, to accept late Applications under the Retail Entitlement Offer (either generally or in particular cases) and to withdraw the Retail Entitlement Offer without prior notice. Any extension of the closing date will have a consequential effect on the allotment date of New Shares. MKL also reserves the right not to proceed with the Entitlement Offer in whole or in part at any time prior to allotment and issue of the New Shares. In that event, the relevant Application Monies (without interest) will be returned in full to Applicants.

Mighty Kingdom Limited (ASX: MKL)

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Authorised for release by the Board of Mighty Kingdom Limited.

For further information, please contact

David Yin

Chief Executive Officer Mighty Kingdom Limited E: hello@mightykingdom.com

Duncan Gordon Investor Relations T: +61 404 006 444

ABOUT MIGHTY KINGDOM LIMITED

Since its formation in 2010, Mighty Kingdom has released over 50 games that have been downloaded more than 50 million times. These games include the popular Shopkins, LEGO Friends: Heartlake Rush, Gabby’s Dollhouse, Wild Life and Ava’s Manor. Mighty Kingdom is one of the largest independent game developers in Australia, working with top tier entertainment and gaming companies including Disney, LEGO, Sony, Funcom, Rogue, and Snapchat. A team of experienced developers with significant experience across mobile and console platforms supports its clients to develop high-quality, successful games whilst driving Mighty Kingdom’s internal IP development.

Mighty Kingdom Limited (ASX: MKL)