GAN Completes Merger with SEGA SAMMY Holdings

GAN ( (GAN) ) just unveiled an announcement.

On May 27, 2025, GAN Limited completed its merger with an affiliate of SEGA SAMMY HOLDINGS INC., resulting in GAN becoming a wholly owned subsidiary. This merger, valued at $1.97 per share, represents a 121% premium over GAN’s stock price prior to the merger announcement. As a result, GAN’s shares will be delisted from the NASDAQ Global Stock Market. The merger marks a strategic acquisition by SEGA SAMMY, aiming to leverage GAN’s expertise in the U.S. market and enhance its product offerings. This transition also led to the resignation of GAN’s board of directors, with Naoki Kameda becoming the sole director.

Spark’s Take on GAN Stock

According to Spark, TipRanks’ AI Analyst, GAN is a Neutral.

GAN is currently facing substantial financial difficulties, with negative profit margins and a high debt burden. Technical analysis offers mixed signals with potential resistance levels. Despite improvements in cash flow, the financial instability and lack of profitability significantly weigh down the stock’s potential, leading to a cautious overall score.

To see Spark’s full report on GAN stock, click here.

More about GAN

GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions, primarily serving the U.S. land-based casino industry. It operates Coolbet, a division known for its proprietary online sports betting technology, holding market leadership in select European and Latin American markets. GAN’s proprietary software system, GameSTACK™, is licensed to casino operators as a turnkey solution for regulated real money internet gaming, including internet sports gaming and virtual Simulated Gaming.

Average Trading Volume: 256,345

Technical Sentiment Signal: Hold

Current Market Cap: $91.53M

For an in-depth examination of GAN stock, go to TipRanks’ Stock Analysis page.