Codere Online Luxembourg (CDRO) Registration filing summary

Company overview and business model

• Operates international online casino gaming and sports betting, primarily in Spain, Mexico, Colombia, Panama, and Argentina.

• Leverages a well-recognized brand and retail footprint of its parent group to drive online growth.

• Focuses on innovation and expansion, targeting further growth in Latin America and potentially the U.S. Hispanic market.

• Incorporated in Luxembourg, with a flexible technology platform and a broad catalogue of third-party games.

Financial performance and metrics

• As of May 29, 2026, had 45,469,915 Ordinary Shares issued and outstanding.

• The last reported sales price on June 1, 2026, was $9.32 per Ordinary Share and $0.75 per Warrant.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares/warrants by selling securityholders, except for cash received upon warrant exercise.

• Potential proceeds from warrant exercises could total up to $74,002,500 if all are exercised for cash; intended for general corporate purposes.

• Warrant exercise price is $11.50 per share, with warrants expiring November 30, 2026.