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Pierce Group AB ( (SE:PIERCE) ) just unveiled an announcement.
Pierce Group AB has increased its total number of shares and votes during April following a board-approved directed issue and repurchase of 850,000 series C shares. As of 30 April 2026, the company has 82,199,100 shares outstanding, comprising 79,374,100 ordinary shares with one vote each and 2,825,000 series C shares with one-tenth of a vote each, resulting in a total of 79,656,600 votes, a change relevant for shareholders monitoring ownership and voting structure.
The adjustment in the share and vote count may affect the company’s capital structure and the balance of influence among shareholders, particularly given the lower voting power attached to series C shares. This change, publicly disclosed under the Financial Instruments Trading Act, underscores Pierce Group’s ongoing use of different share classes as a financial and governance tool while it continues to operate as a leading niche e-commerce player in the European powersports market.
More about Pierce Group AB
Pierce Group AB is a Stockholm-based European e-commerce company focused on gear, parts, and accessories for motocross, motorcycle, and snowmobile enthusiasts. Through its platforms 24MX, XLMOTO, and Sledstore, it serves over 40 European markets with a broad range of products, including own brands such as Raven and Proworks, supported by a central warehouse in Szczecin, Poland.
Average Trading Volume: 422,374
Technical Sentiment Signal: Sell
Current Market Cap: SEK752.3M
Learn more about PIERCE stock on TipRanks’ Stock Analysis page.