1、Drake Star Securities LLC is regulated by FINRA and is a member of SIPC.All securities in the UK,are transacted through Drake Star UK Limited(FRN 942020)an appointed appointed representative of Razlin Ltd(FRN 730805),which is authorized and regulated by the FCASALE TOMobile/Online GamingVideo Game/C

2、ontent StreamingSALE TOAAA Game DeveloperPower RangersMobile/Console GamesMobile GamesGame Review and AdvertisingSALE TO*Transactions executed by current Drake Star Partners employees while employed at other firms2 *PrincipalLos ALinkedin-Free social media iconsPartnerBLinkedin-Free social media ico

3、ns*Managing PartnerLos ALinkedin-Free social media icons3Note:Public Markets include IPOs,SPACs,and Public FinancingsSource:CapIQ,Pitchbook&DSP ResearchNote:Deal count includes announced M&A,private placement,IPOs,SPACs,and public financing deals.Drake Star did not act as financial advisor o

4、n transactions listed on this pageQ4 featured two of the years top five M&A deals:Tencent/Miniclips$1.2B acquisition of Easybrain and MTGs$820M purchase of Plarium.Despite these major transactions,overall deal volume declined in Q424 following several consecutive quarters of growth.More than$600

5、M was raised across 150 private financing rounds in Q4.The largest deals included Aonics$105M raise from Metric Capital,Pantera Capitals$42.7M investment in Azra Games,and Decarts$32M round led by Benchmark.However,overall financing round volume continued to decline in Q4.In public markets,Applovin

6、announced a$3.55B debt offering to be mainly used for paying off prior debts.Sony became the largest shareholder in FromSoftware owner KADOKAWA with a$318.5M investment.Embracer launched another$987M debt restructuring offering as part of its plan to separate into three entities.Public MarketsPPM&am