GAN Limited downgraded by Northland Capital
$GAN
Computer Software: Programming Data Processing
Technology
Northland Capital downgraded GAN Limited from Outperform to Market Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | Outperform → Neutral | Macquarie | |
| 3/23/2022 | Outperform → Market Perform | Northland Capital | |
| 8/10/2021 | $21.00 | Buy | Jefferies |
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it has completed its merger with an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY"). SEGA SAMMY through its affiliated entity SEGA SAMMY CREATION INC. ("SSC") acquired all of the outstanding securities of GAN for $1.97 per share in cash, which represents a premium of over 121% to GAN's closing stock price on November 7, 2023 (the trading day prior to the announcement that GAN entered into a merger agreement with SSC). GAN's ordinary shares will cease to be t
Closing of Merger expected May 27, 2025 GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY HOLDINGS") through its affiliated entity SEGA SAMMY CREATION INC. ("SSC") is nearing completion of procurement of all gaming regulatory approvals necessary to complete its planned acquisition of GAN. GAN and SSC are parties to an Agreement and Plan of Merger dated November 7, 2023 (the "Merger Agreement") pursuant to which GAN would merge into and become a wholly owned subsidiary of SSC
Strong B2C revenue growth driven by performance in Europe and Latin America Planned Merger with SEGA SAMMY remains on track with expected close in 2Q25 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2025. Seamus McGill, GAN's Chief Executive Officer, said, "I'm pleased with the continued progress during the first quarter as we continue to execute on our business plan while refining our cost structure. Our B2C results were particularly strong and