(AsiaGameHub) –   Scout Gaming Group has informed the Nasdaq First North Growth Market of its plan to delist, a move that comes after the company sold its entire operating business to a firm named ImpactWin.

The sale involved Scout’s subsidiary, Scout Holding Ltd, in an all-stock deal valued at SEK 25 million (approximately $2.28 million). In exchange, Scout obtained more than 10.5 million new shares in ImpactWin, equating to roughly 15.2% of the total shares in the combined company.

Following the sale of all remaining assets, shareholders approved the delisting of the company’s shares during a special general meeting on March 30, 2023. Scout’s final action will be to distribute its ImpactWin shares to stockholders before initiating a voluntary liquidation process.

This deal marks a quiet market departure for Scout Gaming, a company that has struggled with falling revenues and a declining share price in recent months.