The activist's stake was diluted below 5% by a share issuance for an acquisition, not by selling. Monitor for any subsequent open-market purchases to rebuild above 5% or for any new Schedule 13D amendments that signal renewed activism.
Price Chart
Executive Summary
Doug Fallon and affiliated entities filed an amended Schedule 13D disclosing that their aggregate beneficial ownership in Bragg Gaming Group fell from above 5% to 4.9% due solely to the issuance of 4.5 million new shares by the company in connection with its acquisition of Drayton International Group. The filing confirms no change in the reporting persons' share count or intentions — the percentage decrease is purely mechanical from share dilution.
Key Financial Metrics
Key Facts
- Reporting persons' aggregate beneficial ownership dropped to 4.9% from above 5% due to share issuance, not selling
- Bragg Gaming issued 4,500,000 common shares on July 22, 2026 for the Drayton International Group acquisition
- Doug Fallon holds 31,764 shares with sole voting/dispositive power and 1,443,179 with shared power
- Crazy Roll, Inc. holds 1,393,179 shares with shared voting/dispositive power (0 sole)
- DR ZAP Holdings, LLC holds 50,000 shares with shared voting/dispositive power (0 sole)
- No changes to stated purpose, demands, or intentions — filing is purely a passive percentage update
Financial Impact
No direct financial impact — the stake percentage fell mechanically from >5% to 4.9% due to 4.5M share dilution from an acquisition
Risk Factors
- Dilution from the Drayton acquisition may pressure near-term EPS
- Fallon's reduced percentage below 5% removes the requirement for prompt 13D filings, potentially reducing transparency
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000912282-26-001359 |
| Document: 0000912282-26-001359-index.html | 0000912282-26-001359 |
| Document: 0000912282-26-001359.txt | 0000912282-26-001359 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | SC 13D/A | $1.21 | awaiting T+20 | — | $1.07 (−11.57%) |
Aug 13, 2026 10w ago | 6-K | $1.50 $1.34 | ▲ +10.67% | ▲ +8.92% | $1.07 (+28.67%) |
Jun 29, 2026 17w ago | 6-K | $1.72 $1.63 | ▼ −5.23% | ▼ −4.95% | $1.07 (−37.79%) |
May 26, 2026 22w ago | 6-K | $1.69 $1.68 | ▼ −0.59% | ▲ +1.31% | $1.07 (−36.69%) |
May 14, 2026 23w ago | 6-K | $1.81 $1.63 | ▼ −9.94% | ▼ −9.09% | $1.07 (−40.88%) |
May 11, 2026 24w ago | 6-K | $2.20 $1.69 | ▼ −23.18% | ▼ −22.88% | $1.07 (−51.36%) |
May 1, 2026 25w ago | 6-K | $2.02 $1.73 | ▼ −14.36% | ▼ −19.64% | $1.07 (−47.03%) |
Apr 13, 2026 28w ago | 6-K | $1.88 $2.20 | ▲ +17.02% | ▲ +9.29% | $1.07 (−43.09%) |
US Market Status
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