Cascadia Holdings reshapes High Roller (ROLR) stake with 787,648-share distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cascadia Holdings Ltd, a reporting person for High Roller Technologies, Inc., reported an internal restructuring of its position in the company. Cascadia distributed 787,648 shares of common stock of High Roller Technologies to one of its own shareholders for no additional consideration under a share redemption agreement.
After this change, Cascadia reports 1,800,748 shares of common stock held directly and maintains indirect joint beneficial ownership of additional shares through entities including Spike Up Media A.B. and Spike Up Media LLC. It also indirectly holds a warrant with an exercise price of $2.37 per share, exercisable for common stock until June 30, 2027. The filing reflects ownership reallocation rather than open‑market buying or selling of ROLR shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cascadia Holdings Ltd
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 787,648 | $0.00 | -- |
| holding | Warrant (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,800,748 shares (Direct, null);
Warrant (right to buy) — 39,712 shares (Indirect, See footnote);
Common Stock — 731,388 shares (Indirect, See footnote)
Footnotes (1)
- Cascadia Holdings Ltd. ("Cascadia") distributed 787,648 shares of common stock of High Roller Technologies, Inc. ("Company") to one of its shareholders, pro rata to his interest for no additional consideration, pursuant to share redemption agreement between that shareholder and Cascadia. Includes indirect joint beneficial ownership of 731,388 shares of common stock held by Spike Up Media A.B. ("Spike Up AB") and 39,172 shares of common stock issuable upon exercise of a warrant of the Issuer held by Spike Up Media LLC ("Spike Up LLC"). Spike Up LLC is a wholly owned indirect subsidiary of Spike Up A.B., which is a wholly owned subsidiary of Ellmount Interactive A. B. ("Interactive"). Cascadia and OEH Invest AB ("OEH") own 66.9% and 33.1% of Interactive, respectively. Michael Cribari and Brandon Eachus as principal shareholders of Cascadia have joint voting and dispositive authority over the shares of Issuer held directly by Cascadia. OEH and Cascadia may be deemed to have joint voting and joint dispositive power over the securities of the Issuer beneficially held by Interactive and a minority shareholder of Cascadia, who has no voting or dispositive power over shares directly held by Cascadia, may be deemed to have a limited pecuniary interest in the shares held indirectly by Interactive.
Key Figures
Restructuring shares: 787,648 shares
Direct holdings after transaction: 1,800,748 shares
Indirectly covered warrant shares: 39,712 shares
+3 more
6 metrics
Restructuring shares
787,648 shares
Shares of High Roller common stock distributed under share redemption agreement
Direct holdings after transaction
1,800,748 shares
High Roller common stock directly owned by Cascadia after restructuring
Indirectly covered warrant shares
39,712 shares
Common stock underlying warrant held indirectly, as per derivative summary
Warrant exercise price
$2.37 per share
Exercise price of indirectly held warrant on High Roller common stock
Warrant expiration
June 30, 2027
Expiration date of the indirectly held High Roller warrant
Indirect common stock holding entry
731,388 shares
Indirect joint beneficial ownership of High Roller common stock via Spike Up entities
Key Terms
share redemption agreement, indirect joint beneficial ownership, warrant (right to buy), dispositive power, +1 more
5 terms
indirect joint beneficial ownership financial
"Includes indirect joint beneficial ownership of 731,388 shares of common stock"
warrant (right to buy) financial
"Warrant (right to buy) with an exercise price of $2.37 per share"
dispositive power financial
"have joint voting and dispositive authority over the shares of Issuer"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"may be deemed to have a limited pecuniary interest in the shares"
FAQ
What insider change did Cascadia Holdings report in High Roller Technologies (ROLR)?
Cascadia reported an internal restructuring, distributing 787,648 High Roller Technologies shares to one of its shareholders. The transfer occurred for no additional consideration under a share redemption agreement and did not involve open-market buying or selling of ROLR shares.
What is Cascadia’s direct ownership in High Roller Technologies (ROLR) after the restructuring?
Following the restructuring, Cascadia reports direct ownership of 1,800,748 shares of High Roller Technologies common stock. This direct stake is in addition to indirect interests held through affiliated entities, as described in the detailed beneficial ownership footnotes.
What indirect interests in High Roller Technologies (ROLR) are linked to Cascadia?
Cascadia is associated with indirect joint beneficial ownership of High Roller shares held by Spike Up Media A.B. and shares issuable under a warrant held by Spike Up Media LLC. These structures sit under Ellmount Interactive A.B., in which Cascadia and OEH Invest AB hold controlling stakes.
What warrant exposure to High Roller Technologies (ROLR) is disclosed in this filing?
The filing shows an indirectly held warrant with a $2.37 per share exercise price, expiring June 30, 2027. This warrant is exercisable into High Roller common stock and represents additional potential equity exposure connected to Cascadia’s broader ownership structure.