Pferdewetten.de

The management board and supervisory board of pferdewetten.de have resolved a cash capital increase from the authorized capital 2026 of up to €5.83 million. Up to 2,650,000 new shares are to be issued at a subscription price of €2.20; the subscription ratio is 7:2 and the subscription period has not yet been set. The new shares will carry dividend rights from 1 January 2025. The company is negotiating with investors on a backstop agreement to subscribe 2 million shares; net proceeds are intended primarily to finance acquisitions in sports-betting retail, to improve the capital structure and for strategic expansion. » More on de.investing.com

The management board of pferdewetten.de reports that various one-off effects will likely have a significantly negative impact on 2025 EBITDA. Causes include increased write-downs on receivables, capitalized expenses from acquisitions, potential claims from accession to liabilities, restructuring costs and IT invoicing optimizations; instead of the previously expected +€0.7 million, the company now expects around −€3.5 to −€3.8 million EBITDA. A reduction in the interest rate on two convertible bonds has a positive effect, producing a one-off financial result of about €3.4 million; for H1 2026 an unaudited operating EBITDA of about €3 million is expected. » More on de.investing.com

The management board and supervisory board of pferdewetten.de have approved the issuance of a convertible bond 2026/2030 with a total nominal amount of up to EUR 6,600,000, divided into up to 6,600 units of EUR 1,000 each. Up to 5,482 bonds are to be issued in kind against assignment of receivables, and up to 1,113 against cash contribution, each excluding the statutory subscription right. The terms essentially correspond to the amended conditions of the 2023 and 2024 bonds, and the new bond is to be consolidated with these into a single bond. » More on finanzen.net