Brief: Huddlestock FinTech Acquires Trac Services, Tracs Technology

Huddlestock Fintech AS

05/07/2022 07:47

July 5 (Reuters) - Huddlestock Fintech AS  HUDL.OL :
    * ACQUIRES TRAC SERVICES AND TRACS
    * TO ACQUIRE 100% OF SHARES OF TRAC SERVICES AS AND TRACS TECHNOLOGY, AS WELL AS THEIR
REGULATORY
LICENSES
    * WILL ON CLOSING ISSUE 12,732,819 SHARES, IN WHOLE OR IN PART POTENTIALLY SUBSTITUTED WITH
TREASURY SHARES, AS CONSIDERATION FOR ACQUIRED SHARES
    * IN A SEPARATE PART, NJORD GROUP AS HAS AGREED TO PURCHASE AN ADDITIONAL 1,923,077 SHARES
IN
HUDDLESTOCK FINTECH
    * SELLERS ARE ENTITLED TO AN ADDITIONAL 4,375,539 SHARES OF HUDDLESTOCK TO BE ISSUED IN A
PRIVATE
PLACEMENT ("EARN OUT SHARES")

Source text for Eikon:  ID:nObiNjkBTa 
Further company coverage:  HUDL.OL 

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