CDON AB (OM:CDON) acquired 56% stake in Xales Tech Lab Oy from Ostro 17 Oy and Virta Growth Partners Oy for approximately €0.4 million on December 29, 2021. In a related transaction, CDON AB (OM:CDON) acquired 71.7% stake of Commerce 8 Oy from Ostro 17 Oy for approximately €0.18 million on December 29, 2021. CDON acquired existing shares in Xales from Ostro 17 Oy and Virta Growth Partners Oy amounting to approximately €0.4 million, of which €0.1 million was paid in cash and €0.3 million with CDON shares. Furthermore, CDON invested EUR 0.3 million in cash in a directed issue of new shares in Xales. CDON now holds 56% of the total number of shares in Xales. CDON’s aggregated investment amounts to approximately €0.7 million. CDON has been granted a call option to acquire the remaining shares from Ostro 17 Oy and Virta Growth Partners Oy at a pre-determined valuation. Part of the acquisition of Xales will be paid by a directed issue of 6,156 CDON shares to Ostro 17 Oy and Virta Growth Partners Oy, corresponding to a dilution of 0.10% based on the total amount of shares in CDON after the directed issue. CDON AB (OM:CDON) completed the acquisition of 56% stake in Xales Tech Lab Oy from Ostro 17 Oy and Virta Growth Partners Oy on December 29, 2021.