Acroud AB completes major restructuring, strengthening its position in iGaming and affiliate marketing sectors. The company’s financial outlook improves significantly with debt reduction and strategic partnerships.
Key Takeaways:
- Acroud issues over 1 billion new shares, boosting liquidity and market presence
- Debt converted to equity, improving balance sheet and reducing financial leverage
- Full ownership of subsidiaries achieved, including Acroud Media Ltd
Acroud’s Transformation: A New Chapter in iGaming
Financial Overhaul Boosts Market Position
Acroud AB, a key player in the iGaming and affiliate marketing space, has successfully completed a comprehensive restructuring process. The company issued 1,024,386,396 new shares, bringing its total to 1,196,998,584. This move significantly enhances Acroud’s liquidity, positioning it for growth in the competitive online gambling market.
Debt Reduction and Strategic Acquisitions
In a strategic move to strengthen its financial foundation, Acroud converted substantial debt into equity. This includes earnout obligations to PMG group and approximately SEK 70 million in bond debt. The company also raised about SEK 65.3 million through Super Senior Bonds, providing additional operational flexibility.
A crucial element of the restructuring was the acquisition of the remaining 49% of Acroud Media Ltd from RAIE Media for EUR 12 million. This consolidation streamlines Acroud’s operations in the iGaming solutions sector.
Ownership Structure and Long-term Strategy
Following these changes, RIAE Media Ltd now owns approximately 39% of Acroud, becoming its largest shareholder. PMG, representing various affiliates, holds about 16.3% of total outstanding shares. This realignment of ownership underscores confidence in Acroud’s long-term growth strategy within the online gambling and affiliate marketing industries.
Focus on Innovation and Market Expansion
With a stronger financial base, Acroud is set to intensify its efforts in enhancing offerings and expanding into new markets. The company aims to strengthen partnerships with content creators, affiliates, and business partners in the iGaming sector.
Robert Andersson, President and CEO of Acroud, stated: “This restructuring marks a transformative moment in Acroud’s history. We are emerging stronger, with a leaner balance sheet, improved liquidity, and a clear vision for sustainable growth.”
Looking Ahead in the iGaming Landscape
Acroud’s restructuring positions it to capitalize on the growing iGaming market. The company’s focus on building a future-ready media house that connects people and businesses worldwide aligns with the evolving needs of the online gambling industry and its affiliate marketing ecosystem.
For more information, interested parties can contact Robert Andersson, President and CEO, at +356 9999 8017, or Andrzej Mieszkowicz, CFO, at +356 9911 2090.
