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Magnolia Pictures International has acquired worldwide rights, including U.S. sales rights, to “Neon Spring” by writer-director Matīss Kaža (“One Ticket Please”).

The film will have its world premiere at the Edinburgh International Film Festival on Aug. 15.

Set to strobe lights and a techno soundtrack, “Neon Spring” chronicles two months in the life of Laine, a college girl from a middle-class suburb in Latvia. As Laine’s father distances himself from his crumbling marriage and his family, Laine is unable to cope with the separation and discovers the edgy Riga party scene, where she falls in love with seasoned raver Gunda. Going from rave to rave, the girls journey into a drug-fueled underworld of anarchy, freedom and exploration.

Inspired by actual experiences of the filmmaker, the film is “an honest and authentic story that explores the complexity of young relationships and sexual discoveries, loneliness and escapism, without being didactic or preachy,...