Huddlestock Fintech AS – Implementation of the purchase of Bricknode and share capital increase.
Huddlestock Fintech AS (OSE: HUDL): Completion of acquisition of Bricknode and share capital increase.
Huddlestock Fintech AS – Implementation of the purchase of Bricknode and share capital increase.
Stavanger, Norway, 4 April 2023
Reference is made to the stock exchange announcement (the “Report”) by Huddlestock Fintech AS (“Huddlestock”) published on 15 March 2023 announcing the purchase of the operating assets of Bricknode Holding AB. The agreement was entered into on 4 April 2023, where Huddlestock paid the consideration by issuing a seller’s credit note (“Seller’s credit”) of NOK 106,961,168 as stipulated in the purchase agreement of 15 March 2023 (the “TFO”).
Immediately after the implementation of the agreement, the board of Huddlestock has decided to issue 19,000,000 new shares in Huddlestock to Bricknode Holding AB in a private placement where NOK 49,000,000 of the Seller’s Credit was converted into shares with a subscription price of NOK 2.60 per share. Consequently, the first tranche of debt conversion as regulated in TFO and explained in the report has been completed.
For further information, please contact:
John E. Skajem, CEO, + 47 418 87 412, [email protected].
Leif Arnold Thomas, Chief Corporate Development, +47 982 15 520, [email protected]
Disclosure regulations
This information is mandatory according to § 5-12 of the Norwegian Securities Trading Act.
Disclosure regulations
This information is mandatory according to § 5-12 of the Norwegian Securities Trading Act.
Contacts
- John E. Skajem, CEO, +47 418 87 412, [email protected]
About Huddlestock Fintech AS
Huddlestock Fintech is an innovative technology software provider with a leading expertise in professional services. We deliver innovative and sustainable technology solutions to the capital markets, finance and asset management industry.
Through its technology offering, Huddlestock offers an innovative, compliant and data-centric WealthTech SaaS, which accelerates the digital transformation and trends of hyper-personalization and on-demand banking within the wealth management industry. Huddlestock’s SaaS powers the integration of affordable, efficient white-label trading and investment services, which underpin Huddlestock’s mission to deliver financial inclusion by democratizing access to capital markets.
Through its world-class professional services business, Huddlestock delivers strategic technology solutions and process automation for the financial services industry. This range of services has driven Huddlestock to become the preferred provider of financial consulting services and technology solutions in the Nordics. Huddlestock Fintech AS was listed on the Euronext Growth Market on 26 November 2020, as Norway’s first fintech company to be listed on the stock exchange.
For more information, please visit www.huddlestock.com
Attachments
- Download the announcement as PDF.pdf
- HSF IR Bricknode closing borsmelding 20230404.pdf
© NTB Norge, source NTB English Regulatory Releases
