Associated tags: Spark Networks, Zoosk, JSwipe, International, Video game, JDate
Locations: CALIFORNIA, EUROPE, NY, GERMANY, BERLIN, UTAH, NEW YORK
Retrieved on:
Tuesday, February 20, 2024
Communications,
Other Consumer,
Consumer,
Social Media,
Apps,
Applications,
Technology,
Mobile,
Wireless,
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Growth,
Common,
Interim,
Zoosk,
JSwipe,
EdX,
The Meet Group,
Management Spark Networks SE (“Spark” or the “Company"), a leading social dating platform for meaningful relationships, today announced Adam Medros as Chief Executive Officer (“CEO”), effective February 19, 2024.
Key Points:
- Spark Networks SE (“Spark” or the “Company"), a leading social dating platform for meaningful relationships, today announced Adam Medros as Chief Executive Officer (“CEO”), effective February 19, 2024.
- “As Spark completes a successful restructuring and continues to progress in our business transformation, there is incredible potential before us and we are taking the opportunity to revitalize our leading portfolio of social dating apps,” said Medros.
- “Having taken Spark through its financial restructuring, now is the time to bring on new leaders to shepherd the Company into the future.
- “We are grateful for Colleen’s leadership during this critical point in Spark’s evolution and are excited to now support Adam and his team as they chart a sustainable path forward for Spark and its brands.”
Retrieved on:
Saturday, January 13, 2024
Lifestyle,
Consumer,
Apps,
Applications,
Technology,
Women,
Men,
Internet,
Partnership,
German,
Interim,
Spark,
MGG,
Financial adviser,
Share capital,
Growth 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.
Key Points:
- 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.
Communications,
Consumer,
Social Media,
Apps,
Applications,
Technology,
Women,
Men,
MGG,
German,
Spark,
Spark Networks,
Financial adviser,
Interim,
OTC The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
Key Points:
- The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
- With the German Court’s approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP (“MGG”) becoming Spark’s sole equity owner.
- “This milestone marks an important step as we prepare to begin a new era for Spark Networks.
- “With our enhanced capital structure and MGG’s support, we look forward to continuing our transformation as we move into the future as a financially stronger company,” said Kristie Goodgion, Spark’s Chief Financial Officer.
Retrieved on:
Friday, September 8, 2023
NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Spark Networks SE (OTCQX: LOVLY), a leader in social dating platforms for meaningful relationships, has qualified to trade on the OTCQX® Best Market.
Key Points:
- NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Spark Networks SE (OTCQX: LOVLY), a leader in social dating platforms for meaningful relationships, has qualified to trade on the OTCQX® Best Market.
- Spark Networks SE previously traded on NASDAQ.
- Spark Networks SE begins trading today on OTCQX under the symbol “LOVLY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
- Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets.
Retrieved on:
Thursday, September 7, 2023
BERLIN, Sept. 7, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV; OTC: LOVLY), a leading social dating platform for meaningful relationships, today announced that its American Depositary Shares expect to begin trading on the OTCQX® Best Market under the ticker symbol LOVLY on September 8, 2023.
Key Points:
- BERLIN, Sept. 7, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV; OTC: LOVLY), a leading social dating platform for meaningful relationships, today announced that its American Depositary Shares expect to begin trading on the OTCQX® Best Market under the ticker symbol LOVLY on September 8, 2023.
- Consequently, Spark's shares will no longer trade on NASDAQ as of open of business on September 8, 2023.
- OTCQX is the top tier of three markets organized by OTC Markets Group Inc. for trading over-the-counter securities and is designed for established, investor-focused U.S. and international companies.
- Investors can find current market information and real-time quotes for the Company on www.otcmarkets.com .
Interim,
International,
Spark,
Marketing,
Spark Networks,
GAAP,
Net operating loss,
EBITDA,
Acquisition,
Adjustment,
Video game,
Bookkeeping BERLIN, Aug. 14, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV) (the "Company"), a leading social dating platform for meaningful relationships, today reported financial results for its second quarter ended June 30, 2023.
Key Points:
- BERLIN, Aug. 14, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV) (the "Company"), a leading social dating platform for meaningful relationships, today reported financial results for its second quarter ended June 30, 2023.
- As a result, we reduced our user acquisition spend during the quarter by 43% as compared to the second quarter of 2022.
- With these cost reductions, we increased Adjusted EBITDA by $8.9 million compared to the second quarter of 2022.
- To access the live call, dial 1-833-816-1417 (US and Canada) or +1 412-317-0510 (International) and ask to join the Spark Networks' call.
BERLIN, Aug. 7, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that it will release its financial results for its 2023 second quarter ended June 30, 2023, on Monday, August 14, 2023, after the close of the market.
Key Points:
- BERLIN, Aug. 7, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that it will release its financial results for its 2023 second quarter ended June 30, 2023, on Monday, August 14, 2023, after the close of the market.
- Management will host a conference call and live webcast for analysts and investors on August 14, 2023, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the company's financial results.
- To access the live call, dial 1-888-349-0106 (US) or +1 412-902-0131 (International) and ask to join the SPARK call.
- To access the call replay, dial 1- 877-344-7529 (US) or +1 412-317-0088 (International) and enter the replay passcode: 5755781.
International,
Risk management,
Multimedia,
Sale,
Accounting,
Sustainability Accounting Standards Board,
EBITDA,
Acquisition,
Spark Networks,
Growth,
Financial management,
Management,
Spark BERLIN, July 11, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV) (the "Company"), a leading social dating platform for meaningful relationships, today announced several key developments in its ongoing transformational journey, signaling a new chapter in the Company's strategic direction.
Key Points:
- Spark has completed its process to evaluate a wide range of strategic alternatives for the Company, including a potential sale, merger, or other transaction.
- Chelsea answered the call when Spark needed her most, and I look forward to working with her again on other ventures," Ms. Brown said.
- As we execute this transformation, we expect these steps to improve cash flow, operating margins, and profitability.
- Spark Networks management will host a conference call and live webcast for analysts and investors today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).
BERLIN, June 1, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that it will be participating in the following investor conference:
Key Points:
- BERLIN, June 1, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that it will be participating in the following investor conference:
June 6, 2023, at the Luxe Sunset Blvd.
- Hotel
Spark CEO, Chelsea Grayson, will host one-on-one meetings with institutional investors at this conference.
- Meetings can be scheduled through LD Micro, at [email protected], or through MKR Investor Relations, Spark Network's investor relations firm, at [email protected] .
BERLIN, May 30, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, announced today that it has entered into a Master Services Agreement with Lamark Media Group LLC, a leading performance marketing agency.
Key Points:
- BERLIN, May 30, 2023 /PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, announced today that it has entered into a Master Services Agreement with Lamark Media Group LLC, a leading performance marketing agency.
- Teaming with Lamark, Spark intends to transform its marketing strategy and embrace a careful but expeditious pivot to a contemporary, integrated program designed to drive growth across its brands.
- "We are thrilled with this transformational step forward," said Spark Chief Executive Officer Chelsea Grayson.
- "We're excited and proud to team with such an amazing organization," said Lamark Chief Executive Officer Bryan Shetsky.
