Bifogade filer
Raketech Extends Casumba Earnout Payment Period to March 2028 and Removes Option to Settle in Shares
Prenumeration
Beskrivning
| Land | Malta |
|---|---|
| Lista | First North Stockholm |
| Sektor | Sällanköp |
| Industri | Betting |
Raketech Group Holding Plc (“Raketech” or “the Company”) today announces that it has reached an agreement to extend the earnout payment period related to the acquisition of Casumba Media Ltd. The final earnout payment of EUR 20.6 million, originally due in September 2026, will now be payable up until March 2028. The option to settle part of the remaining earnout in Raketech shares has been removed, with the remaining payments to be made in cash.
Key Highlights:
- The earnout payment period for the Casumba acquisition has been extended to March 2028
- The option to settle part of the final earnout payment in Raketech shares has been removed; the remaining earnout will be settled in cash
- Beginning Q3 2025, Raketech has committed to make partial instalments on a quarterly basis, based on a proportion of Raketech’ s Free Cash Flow
- Interest accrues at a rate of 5% + EURIBOR until September 2026, and thereafter at 6% + EURIBOR until actual payment is made
- The adjustment supports the Company’s objective to maintain a sound financial position
Strategic Rationale:
The extension of the earnout payment period and the removal of the share settlement option reflect Raketech’ s commitment to financial discipline and shareholder alignment. While the Company remains focused on settling the earnout at the earliest suitable time, the revised structure introduces greater flexibility in capital allocation.