Spark to Continue Strategic Transformation Under New Ownership
Spark Networks SE (“Spark” or “the Company"), a leading social dating platform for meaningful relationships, today announced that it has successfully completed its financial reorganization process, which significantly improves its capital structure and liquidity.
- Spark Networks SE (“Spark” or “the Company"), a leading social dating platform for meaningful relationships, today announced that it has successfully completed its financial reorganization process, which significantly improves its capital structure and liquidity.
- On January 12, 2024, the Company received approval from the Munich Commercial Court (the “German Court”) on its share capital reduction and share capital increase (together, the “Share Capital Registration”).
- As a result of the Share Capital Registration, MGG Investment Group LP (“MGG”) is now Spark’s sole equity owner.
- “With MGG’s support, we are well positioned to drive forward in our transformation plan and continue igniting meaningful relationships across our portfolio of brands.