Goodbye Kansas enters into a Heads of Agreement to divest Vobling
Goodbye Kansas Group has today entered into a Heads of Agreement regarding the divestment of the subsidiary Vobling AB. The Heads of Agreement has been entered into with a potential international buyer who wishes to remain unnamed. The Heads of Agreement does not constitute a binding purchase agreement but gives the counterparty the opportunity to complete an already initiated commercial and technical due diligence. The sale is expected to provide a liquidity injection to the Group. The divestment is an additional step towards the completion of Goodbye Kansas Group's strategy to focus on the core business of Goodbye Kansas Studios.
The parties have expressed their intention to enter a binding transfer agreement no later than 31 July 2024 on the terms of the Heads of Agreement. However, the Heads of Agreement does not imply that the parties have committed to completing the transaction. Vobling was founded in 2015 and has developed the VR Fire Trainer product, which offers a VR-based solution for firefighting training.