pferdewetten. de AG announces 5.83 million euro capital increase

pferdewetten. de AG has announced a capital increase of up to 5.83 million euros to fund the acquisition of sports betting shops. The subscription period for the new shares begins on September 7, 2026, and will run until September 21, 2026.

The company intends to issue up to 2.65 million new shares at a subscription price of 2.20 euros each. Existing shareholders are entitled to subscribe for two new shares for every seven shares currently held. The company noted that backstop commitments from various shareholders are already in place for shares not subscribed via rights.

CEO Christian Gruber stated that the proceeds will be used almost exclusively to invest in strong locations within the sports betting retail sector. The company is currently discussing over four networks involving more than 15 profitable shops across North Rhine-Westphalia, Hesse, and Rhineland-Palatinate. Additionally, the company reported a record month in August for its horse racing business, with net gaming revenue (NGR) reaching nearly 2.0 million euros.