FUUD AB (publ) (OM:FUUD) entered into an agreement to acquire Foodbox Scandinavia AB for SEK 27.2 million on March 28, 2022. As per the terms of the transaction, FUUD shall pay SEK 12.4 million and the remaining purchase price of SEK 12.4 million shall be paid through 19 million newly issued remuneration shares. On May 20, 2022, The supplementary agreements signed and approximately SEK 16.09 million will be paid through newly issued shares in Fuud and the remaining part of approximately SEK 8.66 million plus cash will be paid in cash. In addition, annual additional consideration may be paid for the financial years 2022 and 2023 if FUUD's turnover exceeds certain specified threshold amounts during the respective financial years. The possible additional consideration sums amount to a maximum of SEK 2.5 million for each financial year. In a related transaction, FUUD AB entered into a conditional agreement to acquire Gi-Boxen Sweden AB for SEK 30.3 million. In 2021, Foodbox reported a total revenues of SEK 19 million and EBITDA of SEK 2.2 million. The acquisition is subject to obtaining financing.

Fuud AB (publ) (OM:FUUD) completed the acquisition of Foodbox Scandinavia AB on July 20, 2022. The conditions have now been met.