Game developer Nexters debuts on Nasdaq with help of Kismet

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MOSCOW (Reuters) - Video game developer Nexters and a Russian special purpose acquisition company (SPAC) Kismet have completed their business combination to start trading Nexters Inc. shares on the U.S. Nasdaq on Friday, the two companies said.
The deal, Kismet said, is the first cooperation of its kind, involving a company from Russia and a Russian SPAC to list shares in the United States.
It follows another one by a company with Russian roots. In March, British electric automobile startup Arrival, founded by Russia's former deputy minister of communications, debuted on Nasdaq with the help of U.S. vehicle CIIG Merger Corp.
Nexters, a global company with Russian co-founders, entered into an agreement with Russian SPAC Kismet Acquisition One Corp in early 2021 and secured funds to proceed with the Nasdaq listing in July.
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