Three Court Sends Open Letter to Codere Online Board of Directors

NEW YORK, July 21, 2025 /PRNewswire/ -- Three Court Master, LP ("Three Court") is a long-standing investor in Codere Online ("CDRO" or the "Company"). As of July 15, 2025, Three Court has an economic interest in approximately 1.3 MN shares of the Company's stock representing approximately 2.9% of shares outstanding. Last week, Three Court sent an open letter to the Chairman of CDRO.

After years of private discussions with Codere Online's Board and management that have produced no meaningful progress, Three Court is calling on the Company to address CDRO's chronic stock price underperformance by commencing a sale process today.

Read Three Court's full letter here.

About Three Court, LP
Founded in 2012, Three Court is an alternative investment manager specializing in opportunistic credit investments.

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SOURCE Three Court LP