FUUD AB (publ) (OM:FUUD) entered into a conditional agreement to acquire Gi-Boxen Sweden Ab for SEK 30.25 million on March 28, 2022. The consideration will be paid in SEK 15.125 million in cash and FUUD AB will issue 23.26923 million shares. In addition, annual additional consideration may be paid for the financial years 2022 and 2023. The additional consideration corresponds to 50% of EBITDA in GI-Boxen during the financial years 2022 and 2023, respectively. GI-Boxen had sales of approximately SEK 16.8 million in 2021, with EBITDA of approximately SEK 5.5 million. The transaction is subject to financing. As of May 20, 2022 FUUD AB entered into supplementary agreements to the original agreements according to which the purchase price for the acquisitions is changed,approximately SEK 22.69 million will be paid through newly issued shares in Fuud and the remaining part of approximately SEK 7.57 million plus cash will be paid in cash. Fuud and the sellers of GI-Boxen have agreed through the
supplementary agreements that the condition in the original agreements that the parties' obligation to exercise access to the shares in GI-Boxen is conditional on the Company receiving sufficient financing to be able to implement access and pay the purchase price shall be deemed fulfilled if Fuud receives at least SEK 63 million in issue proceeds in the rights issue of approximately SEK 78 million decided by the Company's Board and announced on May 20 2022.

FUUD AB (publ) (OM:FUUD) completed the acquisition of Gi-Boxen Sweden Ab on July 20, 2022. As of July 12,2022. Fuud enters into an agreement withFormue Nord Fokus A/S regarding convertibles of SEK 23 million. The proceeds are intended to be used to finance the acquisitions of GI-boxen Sweden AB and Foodbox Scandinavia AB.