09:32 AM EDT, 10/09/2024 (MT Newswires) -- GAN (GAN) said Wednesday that the Nevada Gaming Commission has approved its merger with a subsidiary of Sega Sammy Creation.

The merger is expected to close in late 2024 or early 2025, subject to additional regulatory approvals and other customary closing conditions, GAN said.

At closing, GAN's shares will be delisted from Nasdaq, and shareholders will receive $1.97 per share in cash, it added.

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