Brief: Codelab Capital Acquires Kuba Norge as

Codelab Capital AS

05/05/2025 07:43

May 5 (Reuters) - Codelab Capital AS CODEC.OL:

SIGNED A SHARE PURCHASE AGREEMENT REGARDING ACQUISITION OF KUBA NORGE AS

ACQUISITION OF KUBA NORGE AS

TOTAL CONSIDERATION OF NOK 20 MILLION

KUBA HAS APPROXIMATELY NOK 12.5 MILLION IN ANNUAL RECURRING REVENUE

WILL GAIN CONTROL OF KUBA THROUGH ACQUISITION OF 97.6% OF ISSUED SHARES

PURCHASE PRICE IS NOK 20 MILLION

FOLLOWING COMPLETION OF TRANSACTION, EXCLUDING CASH HELD IN KUBA, CODELAB EXPECTS TO HAVE A CASH POSITION OF APPROXIMATELY NOK 14.5 MILLION

WITH CODELAB'S PLANNED ORGANIZATIONAL SETUP, RUNNING COSTS ARE ESTIMATED TO NOK 0.6 MILLION PER MONTH

Source text: ID:nObiYD3k9a

Further company coverage: CODEC.OL

 (Gdansk Newsroom)

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