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Spiffbet agrees debt reduction plan with major creditors

17th March 2023 10:39 am GMT
Spiffbet
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Shares in Stockholm-listed online gaming operator Spiffbet were trading 16 per cent lower this morning after the company announced plans to issue new shares.

The proposed rights issue and parallel set-off aims to reduce corporate debt and provide financing to drive growth.

Spiffbet has borrowed a total of approximately SEK39.6 million from the company's main owners, A veces AB and Johan Styren, with this debt eligible for offset against newly issued shares.

An Emergency General Meeting of the [...]

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