Hacksaw AB (publ) HACK
General analysis — not personal advice.
Hold: fundamentals and the partnership/expansion newsflow support the case, but the recent drawdown and the pending decision on the option program make risk/reward more balanced until program size/dilution terms are known and price action stabilizes.
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Market sentiment
Sentiment remains broadly positive on strong Q1 growth and continued commercial expansion, but near-term price/market volatility and the upcoming incentive program add uncertainty around dilution.
Why this signal
Hold: fundamentals and the partnership/expansion newsflow support the case, but the recent drawdown and the pending decision on the option program make risk/reward more balanced until program size/dilution terms are known and price action stabilizes.
Maintain the current position; wait for the EGM outcome and detailed program terms before adding. For risk control, consider light trimming if volatility persists.
Recent News
Hacksaw Gaming announced a new partnership with MagicBet in Bulgaria. The company also withdrew the proposed LTIP (Key Employee LTIP 2026/2029:2) after an external adviser misvalued the options; the June 15 EGM was cancelled and a new EGM is planned for Q3 2026 after the half-year results. The share has traded around SEK 76–78 in mid-June.
Catalysts
New EGM on LTIP in Q3 2026
Dilution Risk
Assessment: Medium
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