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Embracer raises $182 million via share issue

Embracer has raised SEK 2 billion ($182 million) by issuing 80,000 new shares.

The share issue targeted Swedish and international institutional investors, the company said in its announcement, with a subscription price of SEK 25 (roughly $2.25) per share.

In a release published prior to the share issue yesterday, Embracer said that upon completion the initiative will help the company revise its net debt target to SEK 8 billion ($729 million) at the end of FY2023-24.

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source https://www.gamesindustry.biz/embracer-raises-182-million-via-share-issue