Novibet Appoints Al Alevizakos as Group Chief Financial Officer

Digital gaming powerhouse Novibet has unveiled Al Alevizakos as its incoming Group Chief Financial Officer. Effective immediately, Alevizakos takes the financial helm at Novibet.

Before this pivotal move, Alevizakos spearheaded operations at the esteemed AXIA Ventures Group as its Managing Director for two years. He also demonstrated financial prowess in his tenure at inter-dealer giant TP ICAP, holding various investor-centric roles.

His professional journey also includes prominent stints at global institutions like HSBC, KBW, Mediobanca, and Deloitte, evidencing a wealth of experience across diverse financial landscapes.

In a LinkedIn announcement, Novibet lauded Alevizakos’s credentials, stating, “Al’s dedication to top-tier performance, sustainable growth, and vast knowledge in capital markets and corporate finance will undoubtedly propel Novibet to unprecedented milestones.”

Novibet’s Merger with Artemis SPAC Falls Through

This key appointment follows the recently cancelled merger between Novibet and Artemis Strategic Investment Corporation, a special purpose acquisition company. The initial agreement, forged in March of the previous year, was set to allow Novibet a listing spot on the Nasdaq exchange.

The merger blueprint planned for Artemis to be integrated into a Novibet subsidiary, based on a pre-transaction valuation of $625.0m. Subsequent to the merger, Novibet was poised to list its shares on Nasdaq, with 75% of the resultant entity controlled by Artemis’ founding team and existing Novibet stakeholders.

Despite the promising beginning, the merger, valued at an implied $696.0m, experienced a setback. As per merger terms, the deal could be nullified if not finalized by 30th December 2022. Artemis took a five-month hiatus post this date before announcing the merger’s discontinuation.