Welcome to our dedicated page for RAKE news (Ticker: rake), a resource for investors and traders seeking the latest updates and insights on RAKE stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RAKE's position in the market.
Raketech Group Holding has appointed its nomination committee ahead of the 2025 Annual General Meeting. The committee includes representatives from the largest shareholders and consists of Joel Lindeman (chairman) from Provobis Holding AB, Erik Skarp from Skarp Invest , Edward Licari from Akterbog Holding , Martin Larsson from Chalex AB, and Ulrik Bengtsson, Raketech's Chairman.
The committee will prepare proposals for the AGM regarding Board elections, fees, auditor selection, and nomination principles. Shareholders can submit proposals to the committee via email until January 31, 2025.
Raketech (Nasdaq:RAKE), a prominent iGaming performance marketing partner, has signed a revolving credit facility (RCF) with Bank of Valletta, one of Malta's largest banks. This new RCF, offering a credit limit of EUR 5 million at an interest rate of 4.5% over the variable internal bank rate (currently 2.15%), aims to bolster Raketech's financial flexibility and support its growth initiatives. The existing credit facility with Avida Finans AB will remain active until December 2024. CEO Johan Svensson noted that this move underscores Raketech's solid financial standing and the trust from their banking partners.
Raketech Group Holding Plc (NASDAQ:RAKE) provided a trading update for the first quarter of 2024 and revised its full-year 2024 guidance. Revenues for Q1 2024 are expected to be EUR 19 million, with adjusted EBITDA at EUR 5.1 million. The company revised its full-year guidance to an adjusted EBITDA of around EUR 20 million, lower than the previous estimate of EUR 24-26 million. Google's Core update impacted Casumba assets negatively, leading to the revision of the guidance.
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