Daybreak advances Cold Iron partnership with an additional investment of up to USD 6.5 million and updates the game’s target release window to third quarter of 2026

Enad Global 7 AB (publ) (“EG7” or the "Company"), through its subsidiary Daybreak Game Company LLC (“Daybreak Games”), today announces its decision to finance up to an additional USD 6.5 million in development funding for Project Avo, the upcoming co-op action shooter based on a major film IP franchise from Cold Iron Studios LLC (“Cold Iron”). As this is considered a related-party transaction, the investment was reviewed and approved by EG7’s Contract Oversight Committee. As part of the agreement, Cold Iron is also expected to co-invest an additional USD 1.2 million, reinforcing shared commitment to the project’s success.

Cold Iron is a company in which Jason Epstein, Chairman of EG7, and Ji Ham, CEO of EG7, hold a personal financial interest. Accordingly, this transaction constitutes a related party transaction under applicable corporate governance policies.

The transaction was reviewed and approved by EG7’s Contract Oversight Committee, which is comprised of the independent board members of EG7, in accordance with the Company’s conflict of interest policy. The additional investment will remain contingent upon the achievement of specific milestones, to be approved by the Contract Oversight Committee. The investment is part of the Company's ongoing operations and has been made on commercial terms. For more information about the Contract Oversight Committee, please see our web page, https://www.enadglobal7.com/governance /committees/.

Daybreak Games will continue to serve as the global publisher of Project Avo, including the right of first offer to publish any potential sequel.

Daybreak Games will recoup the additional investment along with the rest of its investment in Cold Iron’s game, prior to the profits from the release being shared between Daybreak Games and Cold Iron. The commercial terms between Daybreak Games and Cold Iron have been adjusted to reflect the higher investment.

Cold Iron, Daybreak Games and the licensor have been working closely to secure a desired high level of quality and are coordinating the release timing in order to maximize the game’s potential performance. In conjunction with this, the target release window for the game has been moved to the third quarter of 2026.

The transaction supports EG7’s long-term growth strategy while maintaining alignment with shareholder interests and corporate governance best practices.

FOR MORE INFORMATION, PLEASE CONTACT:
Fredrik Rüdén, Group Deputy CEO and CFO
Phone: +46 733 117 262
fredrik.ruden@enadglobal7.com

Robin Lundell, Head of Investor Relations & Sustainability
Phone: +46 730 587 608
robin.lundell@enadglobal7.com

About EG7
EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs approximately 360 game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games and Big Blue Bubble. In addition, the group's marketing department Petrol has contributed to the release of 2,000+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution departments Fireshine Games hold expertise in both physical and digital publishing. EG7 is headquartered in Stockholm with approximately 560 employees in 12 offices worldwide.

Enad Global 7 is listed on Nasdaq Stockholm with Ticker Symbol: EG7

This information is information that Enad Global 7 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-11-10 20:00 CET.

Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or expectations regarding the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and can be identified by the use of words such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "anticipates", "should", "could" and, in each case, the negatives thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialize or that they are accurate. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes could differ materially from those in the forward-looking statements for a variety of reasons. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this press release by the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements contained in this press release are accurate and any reader of this press release should not place undue reliance on the forward-looking statements contained in this press release. The information, opinions and forward-looking statements expressed or implied herein are made only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, except as required by law or Nasdaq Nordic Main Rulebook Market for Issuers of Shares and fixed income issuers.
 
 

Attachments
Daybreak advances Cold Iron partnership with an additional investment of up to USD 6.5 million and updates the game’s target release window to third quarter of 2026

Daybreak advances Cold Iron partnership with an additional investment of up to USD 6.5 million and updates the game’s target release window to third quarter of 2026