May 20, 2021

Jam City to become publicly listed after entering merger with DPCM Capital

Jam City, News, Press

By Conor Porters

Mobile entertainment company Jam City, Inc is set to become a publicly listed company after entering into a definitive merger agreement with DPCM Capital, Inc, a publicly traded special purpose acquisition company led by Chairman and CEO Emil Michael.

The transaction values the combined company at an enterprise value of $1.2bn, and upon closing it will operate as Jam City Holdings Inc. Its Class A common stock is expected to be listed on the New York Stock Exchange under the ticker symbol JAM.

In conjunction with the closing of the business combination, Jam City will use the cash proceeds to acquire Montreal-based mobile game publisher Ludia Inc from FremantleMedia Canada Inc, bringing together two leaders in mobile gaming and further strengthening Jam City’s market position and global player network.

The combined company’s portfolio of top-grossing games is expected to include Harry Potter: Hogwarts Mystery; Cookie Jam; Panda Pop; and Jurassic World Alive. It is also expected to benefit from a pipeline of tentpole-owned and licensed game releases with leading brands such as DC, and some of Disney’s biggest brands, which are expected to accelerate organic growth for the next several years.

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