Huddlestock Fintech AS – Implementation of the purchase of Bricknode and share capital increase.

by James · April 4, 2023

4.4.2023 20:41:52 CEST | Huddlestock Fintech AS | Additional regulated
information required to be disclosed under the laws of a member state

Huddlestock Fintech AS (OSE: HUDL): Completion of acquisition of Bricknode and
share capital increase.

 

Huddlestock Fintech AS - Completion of acquisition of Bricknode and share
capital increase.

Stavanger, Norway, 4. April 2023

Reference is made to the stock exchange release (the "Report") by Huddlestock
Fintech AS ("Huddlestock") published on 15 March 2023 announcing the acquisition
of the operational assets of Bricknode Holding AB. The agreement has been
executed on 4 April 2023 in which Huddlestock paid the remuneration by issuing a
seller´s credit note (the "Sellers´s Credit") of NOK 106,961,168 as set out in
the asset purchase agreement of 15. March 2023 (the "APA").

Immediately following the execution of the agreement, the board of directors in
Huddlestock have resolved to issue 19 000 000 new shares in Huddlestock to
Bricknode Holding AB by way of a private placement in which NOK 49,000,000 of
the Seller´s Credit was converted into shares with a subscription price of NOK
2.60 per share. Accordingly, the first tranche of debt conversion as regulated
in the APA and explained in the Report has been carried out.

For further information, please contact:

John E. Skajem, Chief Executive Officer, + 47 418 87 412, 
[email protected].

Leif Arnold Thomas, Chief Corporate Development, +47 982 15 520, 
[email protected]

 

Disclosure regulation 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
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
expert professional services business. We deliver innovative and sustainable
technology solutions to the capital markets, treasury and wealth management
industries. 

Through its technology offering, Huddlestock offers an innovative, compliant,
and data-centric WealthTech SaaS, accelerating the digital transformation, and
trends of hyper-personalization and on-demand banking within the wealth
management industry. Huddlestock's SaaS empowers the embedding of low-cost,
efficient white-label trading and investment services, underpinning
Huddlestock's mission of delivering financial inclusion by democratizing access
to capital markets.

Through its world-class expert professional services business, Huddlestock
delivers strategic technology solutions and process automation for the financial
services industry. This range of services has propelled Huddlestock into
becoming the preferred supplier of financial consultancy services and technology
solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext
Growth Market 26th November 2020, as Norway's first fintech company to be
publicly traded. 

For more information, please visit www.huddlestock.com -




ATTACHMENTS

Download announcement as PDF.pdf -

%20as%20PDF.pdf

HSF IR Bricknode closing borsmelding 20230404.pdf -

closing%20borsmelding%2020230404.pdf

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