Brief: Speqta To Acquire AI-Based SaaS Company Brightbid

BrightBid AB (publ)

07/06/2023 07:57

June 7 (Reuters) - Speqta AB (publ)  SPEQT.ST :
    * SIGNS AGREEMENT TO ACQUIRE AI-BASED SAAS COMPANY BRIGHTBID
    * ACQUISITION SHALL BE PAID FOR BY AN ISSUE IN KIND OF
17,621,411
NEW SHARES IN SPEQTA
    * CLOSING IS EXPECTED TO TAKE PLACE ON OR AROUND 3 JULY 2023
    * ACQUISITION MEANS THAT SPEQTA GROUP'S SAAS REVENUES WILL
BE 25
TIMES HIGHER
    * SELLERS OF BRIGHTBID WILL HOLD APPROXIMATELY 72 PER CENT
OF
TOTAL NUMBER OF SHARES AND VOTES IN SPEQTA AFTER COMPLETION OF
TRANSACTION
    * COMPANY IS NOT RAISING ANY DEBT FINANCING IN CONNECTION
WITH
TRANSACTION
    * SWEDBANK ROBUR, ONE OF LARGEST SHAREHOLDERS IN SPEQTA,
TAKES A
POSITIVE VIEW ON ACQUISITION

Source text for Eikon:  ID:nWkr5LHdF0 
Further company coverage:  SPEQT.ST 

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