Target Company Overview

Thunderful Group is currently facing significant financial challenges, prompting a comprehensive restructuring plan that includes a workforce reduction within its game development and publishing sectors. This decision is primarily driven by the company's ongoing negative cash flow, which has necessitated measures aimed at cost reduction and improved financial stability. As of June 30, Thunderful's net debt stood at SEK 85 million (approximately $8.8 million), with available liquidity of SEK 32 million (around $3.3 million).

The restructuring effort is projected to yield cost savings between SEK 6-8 million (approximately $622,000-$829,000) for the latter half of 2025, and SEK 40-45 million (around $4.1 to $4.6 million) for the full fiscal year of 2026. The company's publishing division recently experienced a challenging quarter due to an over-reliance on individual game releases. For instance, the game