According to regulatory filings, Knutsson Limited increased its beneficial ownership in Super Group (SGHC) to 46.2%.
The shareholder partially exercised a call option for 15 million shares on August 7, 2026.
The transaction used a net settlement structure valued at $139.5 million.
The consideration includes $39.5 million in cash.
The deal also includes approximately 7.7 million shares.
Super Group expects to deliver the new shares by December 7, 2026.
Outstanding call and put options for 45 million shares remain between the parties.