Advanced blockchain : is aiming for a significant stake in FinPro AG
September 16, 2020 at 01:49 pm EDT
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DGAP-Ad-hoc: Advanced Blockchain AG / Key word(s): Investment/Cryptocurrency / Blockchain
Advanced blockchain AG is aiming for a significant stake in FinPro AG
16-Sep-2020 / 19:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board of Advanced Blockchain AG (Frankfurt, Primary market, XETRA: ISIN DE000A0M93V6) has decided to take concrete steps with the aim of acquiring a 45% stake in FinPro AG, Hamburg / Cologne, through the issue of new shares in Advanced Blockchain AG by way of a capital increase against contribution in kind.
FinPro AG (www.finpro.de) develops software solutions for the blockchain-based representation and management of digital assets, securities and other assets with a focus on crowdfunding applications.
Subject to the approval of the Supervisory Board, the acquisition is to take place exclusively by issuing up to 840,000 shares in Advanced Blockchain AG, which are to be issued as part of a capital increase in kind using the existing authorized capital. The new shares in Advanced Blockchain AG will be valued at the current stock exchange price; with regard to the shares bought in FinPro AG, through the valuation by an expert. The transaction is expected to close in the fourth quarter.
The remaining shares in FinPro AG will continue to be held by the founders and business angel investors.
Information and Explanation of the Issuer to this News:
About Advanced Blockchain AG
Advanced Blockchain AG is an exchange-traded blockchain development company based in Berlin, whose shares are traded on XETRA, Frankfurt, Düsseldorf primary market and other stock exchanges. The company develops and invests in blockchain software solutions for industrial companies and applications. There is a significant investment in Peaq Technology GmbH (www.peaq.com), which is developing its own blockchain technology base system called 'peaq' based on the new DAGchain technology.
Further information on Advanced Blockchain AG is available on the website www.advancedblockchain.com.
16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Advanced Blockchain AG
Chausseestraße 86
10115 Berlin
Germany
Phone:
030403669510
Fax:
030403669511
E-mail:
info@advancedblockchain.com
Internet:
www.advancedblockchain.com
ISIN:
DE000A0M93V6
WKN:
A0M93V
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart
Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
