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Bragg Gaming Group To Settle USD 5 Million of Secured Promissory Note; Short-term Extension Agreement Reached for Remaining USD 2 Million

1. Bragg will repay $5 million of its $7 million debt to lenders. 2. The remaining $2 million debt maturity extended to June 2025.

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Why Bullish?

Reducing debt can enhance financial stability and investor confidence. Such maneuvers have historically led to stock price appreciation in recovering companies.

How important is it?

Debt repayment and maturity extension are critical for Bragg's financial health and liquidity. Investors tend to prioritize stability in companies with manageable debt levels.

Why Short Term?

The repayment and refinancing actions may result in immediate positive market response. Investors often react quickly to debt management strategies.

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LNWGANPENN
TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading global B2B iGaming content and technology provider, today announced it has reached an agreement with its lenders, certain entities controlled by Doug Fallon, to repay USD 5 million of its outstanding USD 7 million secured promissory note and to extend the maturity of the remaining USD 2 million until June 6, 2025 (the “Note”). The company is in the process of securing a new revolving cre.

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