These three entities will be listed separately on the New York Stock Exchange. Concretely, the new shares of Asmodee and Coffee Stain will be distributed among current Embracer investors before the start of trading. This operation will take place over the next 12 months for Asmodee and in 2025 for Coffee Stain. Middle-earth Enterprises & Friends will be what remains of Embracer after these divisions and name change. Financially, it looks like this: