The year 2023 is a BIG CONTRAST of what was 2022 for the Swedish gaming conglomerate Embracer Group after high profile purchases of many gaming and entertainment companies including Crystal Dynamics, Eidos Montreal and the former Square Enix Motnreal.

We know that Embracer Group had a big blow closing their fiscal year after an unannounced multi-million deal failed at the last minute and apparently, some future short-term and long-term projects were affected.

As a first big move since then, Embracer Group announced that it has made a share issue equivalent of almost $183 million to raise money on controlling its debts and spending.

It has a  total of 80,000,000 B shares and the sale allows it to focus on the "key aspects" of its restructuring program while also allowing it to revise its net debt target to almost 2 digits less than it is today.

The money raise, unfortunately, will also provide an additional "buffer" in addition to its impending layoffs and studio closures, further "improving financing costs and operational flexibility" as it seeks to become a "highly cash-flow generative business."