{\rtf1\ansi\ansicpg1252\uc1\deff0\deflang1033 {\colortbl\red0\green0\blue0;\red128\green128\blue128;\red0\green0\blue255;\red255\green255\blue255;}{\fonttbl{\f2\fswiss Arial;}{\f1\fmodern Courier New;}{\f3\fdecor Symbol;}{\f0\froman Times New Roman;}{\f4\fnil Wingdings;}} {\info{\subject EDGAR Online Pro}{\version3}{\*\company EDGAR Online, a division of Donnelley Financial Solutions}{\author EDGAR Online HTML to RTF Converter. Version 3.0}{\*\category \0001799332-21-000026.html.ecq}{\doccomm Source: EDGAR Online, a division of Donnelley Financial Solutions \'a9 Copyright 2021. All rights reserved.}{\title GAN Ltd (Form: 8-K, Received: 12/01/2021 15:15:50)}} \paperh15840\paperw12240\margl360\margr360\margt360\margb360\headery0\footery0\sprstsp\sprsbsp\sprsspbf\sprslnsp\widowctrl\viewscale100 {\*\bkmkstart BKMK_1}{\*\bkmkend BKMK_1}{\*\bkmkstart BKMK_2}{\*\bkmkend BKMK_2}{\*\bkmkstart BKMK_3}{\*\bkmkend BKMK_3}{\*\bkmkstart BKMK_4}{\*\bkmkend BKMK_4}\pard \sl-1 {\*\bkmkstart BKMK_5}{\*\bkmkend BKMK_5}\par \pard {\fs18 {}}\par {\pard\sl-1\par} {\trowd\trleft0\cellx134 \cellx11478 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\clbrdrt\brdrs\brdrw54\brdrcf0\clbrdrb\brdrs\brdrw18\brdrcf0\cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs2\nosupersub \u160?}}\cell \row} \pard \qc \sb90 {\fs18 {\fs16 \u160?}}{\*\bkmkstart BKMK_6}{\*\bkmkend BKMK_6}\par \pard \qc {\fs18 {\fs29 UNITED STATES}}\par \pard \qc {\fs18 {\fs29 SECURITIES AND EXCHANGE COMMISSION}}\par \pard \qc {\fs18 {\fs20 Washington, D.C. 20549}}\par \pard \qc {\fs18 {\fs16 \u160?}}\par \pard \qc {\fs18 {\fs29 FORM 8-K}}\par \pard \qc {\fs18 {\fs16 \u160?}}\par \pard \qc {\fs18 {CURRENT REPORT}}\par \pard \qc {\fs18 {Pursuant to Section 13 or 15(d) of the}}\par \pard \qc {\fs18 {Securities Exchange Act of 1934}}\par \pard \qc {\fs18 {\fs16 \u160?}}\par \pard \qc {\fs18 {Date of Report (Date of earliest event reported)} {December 1, 2021}}\par \pard \qc {\fs18 {\fs16 \u160?}}\par \pard \qc {\fs18 {\fs29 GAN Limited}}\par \pard \qc {\fs18 {(Exact name of registrant as specified in its charter)}}\par \pard \qc {\fs18 {\fs16 \u160?}}\par {\trowd\trleft0\cellx440 \cellx3268 \cellx3708 \cellx3757 \cellx3960 \cellx4009 \cellx4358 \cellx7164 \cellx7513 \cellx7562 \cellx7765 \cellx7814 \cellx8254 \cellx11080 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\cellx3708 \clvertalb\cellx4009 \cellx7513 \clvertalb\cellx7814 \cellx11520 \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 Bermuda}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 \u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 001-39274}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 \u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 Not Applicable}}\cell \row} {\trowd\trleft0\clbrdrt\brdrs\brdrw18\brdrcf0\cellx3708 \clvertalb\cellx4009 \clbrdrt\brdrs\brdrw18\brdrcf0\cellx7513 \clvertalb\cellx7814 \clbrdrt\brdrs\brdrw18\brdrcf0\cellx11520 \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 (State or other jurisdiction\line of incorporation)}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 \u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 (Commission\line File Number)}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 \u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 (I. R. S. Employer\line Identification No.)}}\cell \row} \pard \qc \sb108 {\fs18 {\fs16 \u160?}}\par {\trowd\trleft628\cellx913 \cellx2865 \cellx3150 \cellx3333 \cellx4106 \cellx4289 \cellx4540 \cellx5057 \cellx5308 \cellx5660 \cellx6425 \cellx6777 \cellx6878 \cellx8142 \cellx8184 \cellx8367 \cellx10704 \cellx10887 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft628\cellx3150 \clbrdrb\brdrs\brdrw18\brdrcf0\cellx4289 \clbrdrb\brdrs\brdrw18\brdrcf0\cellx5308 \clbrdrb\brdrs\brdrw18\brdrcf0\cellx6777 \cellx8184 \cellx10887 \pard \intbl\qr \li18\ri37 {\fs18 {\nosupersub 400 Spectrum Center Drive,}}\cell \pard \intbl\qc \li18\ri38 {\fs18 {\nosupersub Suite 1900,}}\cell \pard \intbl\qc \li18\ri38 {\fs18 {\nosupersub Irvine,}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub California}}\cell \pard \intbl\sl-1 \cell \pard \intbl\qc \li18\ri38 {\fs18 {\nosupersub 92618}}\cell \row} {\trowd\trleft628\clbrdrt\brdrs\brdrw18\brdrcf0\cellx6777 \cellx8184 \clbrdrt\brdrs\brdrw18\brdrcf0\cellx10887 \pard \intbl\qc \li18\ri217 {\fs18 {\nosupersub (Address of principal executive offices)}}\cell \pard \intbl\sl-1 \cell \pard \intbl\qc \li18\ri38 {\fs18 {\nosupersub (Zip Code)}}\cell \row} \pard \qc \sb90 {\fs18 {\fs16 \u160?}}\par \pard \qc \sb1 {\fs18 {(702) 964-5777}}\par \pard \qc {\fs18 {(Registrant\u8217?s telephone number, including area code)}}\par \pard \qc {\fs18 {\u160?}}\par \pard \qc {\fs18 {N/A}}\par \pard \qc {\fs18 {(Former name or former address, if changed since last report)}}\par \pard {\fs18 {\u160?}}\par \pard \qj {\fs18 {Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:}}\par \pard {\fs18 {\u160?}}\par {\trowd\trleft0\cellx48 \cellx360 \cellx408 \cellx963 \cellx10965 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\cellx408 \cellx11520 \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u9744?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u9744?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u9744?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u160?}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\nosupersub \u9744?}}\cell \pard \intbl \li18\ri38 {\fs18 {\nosupersub Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))}}\cell \row} \pard \sb108 {\fs18 {\u160?}}\par \pard {\fs18 {Securities registered pursuant to Section 12(b) of the Act:}}\par \pard {\fs18 {\u160?}}\par {\trowd\trleft0\cellx289 \cellx3826 \cellx4115 \cellx4168 \cellx4383 \cellx4436 \cellx4759 \cellx6615 \cellx6938 \cellx6991 \cellx7206 \cellx7259 \cellx7616 \cellx11163 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\clvertalb\cellx4115 \clvertalb\cellx4436 \clvertalb\cellx6938 \clvertalb\cellx7259 \clvertalb\cellx11520 \pard \intbl\qc \li25\ri45 {\fs18 {Title of each class}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {Trading Symbol(s)}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {Name of each exchange on which registered}}\cell \row} {\trowd\trleft0\clbrdrt\brdrs\brdrw18\brdrcf0\clvertalb\cellx4115 \clvertalb\cellx4436 \clbrdrt\brdrs\brdrw18\brdrcf0\clvertalb\cellx6938 \clvertalb\cellx7259 \clbrdrt\brdrs\brdrw18\brdrcf0\clvertalb\cellx11520 \pard \intbl\qc \li25\ri45 {\fs18 {Ordinary Shares, $0.01 par value}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {GAN}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {The Nasdaq Stock Market LLC}}\cell \row} \pard \sb108 {\fs18 {\u160?}}\par \pard \qj {\fs18 {Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (\u167?230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (\u167?240.12b-2 of this chapter).}}\par \pard \qj {\fs18 {\u160?}}\par \pard \qr {\fs18 {Emerging growth company \u9746?}}\par \pard {\fs18 {\u160?}}\par \pard \qj {\fs18 {If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. \u9746?}}\par \pard {\fs18 {\fs16 \u160?}}\par \pard {\fs18 {}}\par {\trowd\trleft0\cellx134 \cellx11478 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\clbrdrt\brdrs\brdrw18\brdrcf0\clbrdrb\brdrs\brdrw54\brdrcf0\cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs2\nosupersub \u160?}}\cell \row} \pard \sb108 {\fs18 {}}\par \pard {\fs18 {}}\par \pard \sb1 \sl-1 {\*\bkmkstart BKMK_7}{\*\bkmkend BKMK_7}\par \pard \li13\ri13\sb166 \brdrt\brdrs\brdrw13\brdrcf1\brdrr\brdrs\brdrw13\brdrcf1\brdrb\brdrs\brdrw13\brdrcf1\brdrl\brdrs\brdrw13\brdrcf1\sl-13\qc {\*\bkmkstart BKMK_8}{\*\bkmkend BKMK_8}\par \pard \pagebb {\fs18 {}}{\*\bkmkstart BKMK_9}{\*\bkmkend BKMK_9}{\*\bkmkstart BKMK_10}{\*\bkmkend BKMK_10}\par \pard \sb1 {\fs18 {\fs16 Item 8.01 Other Events.}}\par \pard \qj \sb1 {\fs18 {\fs16 \u160?}}\par \pard \qj {\fs18 {\fs16 On December 1, 2021, GAN Limited (the \u8220?Company\u8221?) issued a blog post announcing the execution of an agreement with a top-three ranked U.S. market position 'podium player' business-to-consumer operator of U.S. online casino gaming ("iGaming") and sports betting, by commonly-accepted U.S. market metrics, to deploy the Company's platform which is already certified for sports betting and iGaming in various U.S. states. Subject to securing a requisite regulatory license, the Company expects to launch the client-branded website and accompanying mobile app offering online sports betting and iGaming in Ontario that leverages GAN\u8217?s enterprise software in the first quarter of 2022.}}\par \pard \qj {\fs18 {}}\par \pard \qj {\fs18 {\fs16 The full text of the blog post announcing the agreement is attached as Exhibit 99.1 and incorporated herein by reference.}}\par \pard {\fs18 {}}\par \pard \sb108 \sl-1 {\*\bkmkstart BKMK_11}{\*\bkmkend BKMK_11}{\*\bkmkstart BKMK_12}{\*\bkmkend BKMK_12}{\*\bkmkstart BKMK_13}{\*\bkmkend BKMK_13}\par \pard \qj \sb108 {\fs18 {\fs16 Item 9.01 Financial Statements and Exhibits.}}\par \pard \qj \sb1 {\fs18 {\fs16 \u160?}}{\*\bkmkstart BKMK_14}{\*\bkmkend BKMK_14}\par \pard \qj {\fs18 {\fs16\i (d) Exhibits}}\par \pard {\fs18 {\fs16 \u160?}}\par {\trowd\trleft0\cellx229 \cellx991 \cellx1220 \cellx1265 \cellx1410 \cellx1455 \cellx1804 \cellx11171 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\clvertalb\cellx1220 \clvertalb\cellx1455 \clvertalb\cellx11520 \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 Exhibit\line Number}}\cell \pard \intbl\vertalb \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl\qc \li25\ri45 {\fs18 {\fs16 Description}}\cell \row} {\trowd\trleft0\clbrdrt\brdrs\brdrw18\brdrcf0\cellx1220 \clvertalb\cellx1455 \clbrdrt\brdrs\brdrw18\brdrcf0\cellx11520 \pard \intbl\qc \li18\ri38 {\fs18 {\fs16\nosupersub 99.1}}\cell \pard \intbl\vertalb \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl \li18\ri52 {\fs18 {\cf2\fs16\ul {\field\fldedit{\*\fldinst { HYPERLINK "" \\l "BKMK_15"}}{\fldrslt\ul {Blog post dated December 1, 2021}}}}}\cell \row} \pard \qj \sb108 {\fs18 {\fs16 \u160?}}\par {\trowd\trleft0\cellx134 \cellx11475 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \row} \pard \sb108 {\fs18 {}}\par \pard \sb1 {\fs18 {}}\par \pard \sb108 {\fs18 {}}\par \pard \sb1 \sl-1 {\*\bkmkstart BKMK_16}{\*\bkmkend BKMK_16}\par \pard \li13\ri13\sb166 \brdrt\brdrs\brdrw13\brdrcf1\brdrr\brdrs\brdrw13\brdrcf1\brdrb\brdrs\brdrw13\brdrcf1\brdrl\brdrs\brdrw13\brdrcf1\sl-13\qc {\*\bkmkstart BKMK_17}{\*\bkmkend BKMK_17}\par \pard \pagebb {\fs18 {}}{\*\bkmkstart BKMK_18}{\*\bkmkend BKMK_18}\par \pard \qc \sb1 {\fs18 {\fs16 SIGNATURES}}\par \pard \qc \sb1 {\fs18 {\fs16 \u160?}}\par \pard \qj {\fs18 {\fs16 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.}}\par \pard {\fs18 {\fs16 \u160?}}\par {\trowd\trleft0\cellx255 \cellx4875 \cellx5130 \cellx5505 \cellx11145 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\cellx5130 \cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub Date: December 1, 2021}}\cell \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub GAN Limited}}\cell \row \pard \intbl\sl-1 \cell \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub (Registrant)}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \row \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\fs16\i\nosupersub /s/ Karen E. Flores}}\cell \row} {\trowd\trleft0\cellx5130 \clbrdrt\brdrs\brdrw18\brdrcf0\cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub Karen E. Flores}}\cell \row} {\trowd\trleft0\cellx5130 \cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub Chief Financial Officer}}\cell \row} \pard \sb108 {\fs18 {\fs16 \u160?}}\par \pard {\fs18 {}}\par {\trowd\trleft0\cellx134 \cellx11475 \cellx11520 \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \pard \intbl\sl-1 \cell \row} {\trowd\trleft0\cellx11520 \pard \intbl \li18\ri38 {\fs18 {\fs16\nosupersub \u160?}}\cell \row} \pard \sb108 {\fs18 {}}\par \pard \sb1 \sl-1 {\*\bkmkstart BKMK_19}{\*\bkmkend BKMK_19}{\*\bkmkstart BKMK_15}{\*\bkmkend BKMK_15}{\*\bkmkstart BKMK_20}{\*\bkmkend BKMK_20}\par \pard \qc \li180 \pagebb {\fs18 {\pict\jpegblip\pichgoal18427\picwgoal14242\bin214648 JFIF C $.' ",#(7),01444'9=82<.342 C 2!!22222222222222222222222222222222222222222222222222 U" } !1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w !1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( (nnif<Ghj+(uQ;&qֳƿ oϸZ7\Z+Huu۱YJ jHzGk`:r[7(jmBh7%p'ɨn 9w/ υ`ӿ!ƫ]ttU]?Rm~ӧCsJ8e2*|=kyAq$2Rw6h1 xN$?kxFGJkpQQ