Scout Gaming Group is set to delist and work towards voluntary liquidation after shareholders approved the sale of its operational subsidiary to ImpactWin Group.
On 10 March, Scout Gaming Group entered into a share transfer agreement with ImpactWin for the disposal of all shares in its Scout Holding subsidiary.
The purchase price for its shares has been set at SEK25m (£2m), which will be paid by ImpactWin via a promissory note.
The promissory note will be balanced against a payment for 10.6 million newly issued shares in ImpactWin.
The deal was approved during Scout Gaming Group’s extraordinary general meeting on Monday, 30 March.
The transaction is expected to be completed next month, as soon as its conditions for completion have been met.
The deal forms part of the Scout Gaming’s plan to move forward with a voluntary liquidation if “there are no other strategic alternatives for the company” when the transaction completes.
This will include delisting company shares from the Nasdaq First North Growth Market in Stockholm.
Scout Gaming Group went public in 2017, with its share price peaking at almost SEK14 in October 2020. The stock is currently worth SEK0.13, giving it a market cap of SEK28.2m.
Full-year 2025 revenue was flat at SEK44.7m. At the time of the report’s publication, Scout Gaming had nine B2B partners.
As per Scout Gaming’s IR site, it has deals in place with bet365 and Kaizen Gaming.
ImpactWin is a multi-faceted business with a primary role of providing a commercial hub tool for sporting associations and non-government organisations.
The business’ subsidiaries include B2C operator SwedenLottos and ImpactWin and payment platform Impactpay.
A Scout Gaming Group statement read: “It is the board’s intention, following the completion of the transaction and in the event that there are no other strategic alternatives for the company at that time, to apply for the delisting of the company’s shares from Nasdaq First North Growth Market and to work towards a voluntary liquidation of the company.
“The final day of trading in the company’s shares on the marketplace will be announced once the company has received confirmation from the marketplace.”
Scout Gaming Group’s board will reconvene in the near future to decide how to distribute its ImpactWin shares.
The statement continued: “Following completion of the transaction, the company’s principal asset will consist of the consideration shares in ImpactWin.
“It is the board’s intention, following completion of the transaction, to convene an extraordinary general meeting to resolve on a distribution in kind of the consideration shares to the company’s shareholders in proportion to their respective shareholdings in the company.”
As part of the DFS supplier’s end of year earnings report, which was published in February, CEO Niklas Jönsson acknowledged Scout Gaming Group was exploring cost cutting measures as a result of continued underperformance.
Jönsson was appointed as permanent CEO in March 2023 following a temporary stint in an interim capacity.
He said: “Despite intense internal efforts, the company has not reached its profitability objectives.
“While certain operational metrics have improved, this progress has not translated into sufficient financial performance to offset the general challenging long-term revenue decline.
“B2C revenue has increased but not enough to mitigate the revenue pressure on our B2B operation. Overall income levels remain below what is required to sustain our current cost base.
“As a result of continued underperformance, we are looking into further cost-saving measures across the organisation.”
In June 2022, the company axed 50% of its workforce across its offices in Norway and the Ukraine.
The post Scout Gaming Group to liquidate following asset sale to ImpactWin first appeared on EGR Intel.
DFS supplier previously struck SEK25m deal to dispose of wholly owned Scout Holding division, with transaction now having been approved at extraordinary general meeting
The post Scout Gaming Group to liquidate following asset sale to ImpactWin first appeared on EGR Intel.