Maximum Entertainment’s U.S. Subsidiary Agrees to Cathay Bank’s Request for Stipulation of a Receiver
Maximum Entertainment’s U.S. Subsidiary Agrees to Cathay Bank’s Request for Stipulation of a Receiver
Stockholm, Sweden, July 17, 2026 - Maximum Entertainment AB (Nasdaq: MAXENT B) (“Maximum Entertainment” or the “Company”) today announces that its U.S. subsidiary, Maximum Entertainment, LLC (the “Borrower”), has agreed to stipulate to the appointment of a court-supervised receiver as requested by Cathay Bank (“Cathay”).
As previously announced by the Company on April 20, 2026 and April 24, 2026, Cathay had notified the Borrower of its intention to exercise its rights and remedies under its loan agreements with the Borrower (the “Loans”), including seeking the appointment of a receiver over the Borrower’s assets and operations, and subsequently filed a complaint with the Superior Court of the State of California against the Borrower. The Loans comprise a USD 8,000,000 revolving line of credit, a USD 3,000,000 term loan, and a USD 3,000,000 term loan.
After consulting with its U.S. counsel, the Borrower has today stipulated the appointment of a receiver who will oversee the Borrower’s assets and operations under the supervision of the court.
The Borrower represents approximately 26% of the Group’s total assets and 38% of consolidated revenue as of end of Q1 2026.
Based on the Company’s current assessment, the Company does not anticipate any material disruption to business conducted through its non-U.S. entities as a result of the receivership.
Business relationships, agreements and operations conducted through Maximum Entertainment AB and its non-U.S. subsidiaries remain unaffected by the receivership. Consequently, Maximum Entertainment’s publishing, sales, distribution, development and operational activities conducted outside of the Borrower will continue in the ordinary course.
Maximum Entertainment will keep the market informed of any material developments.