Correction in relation to company announcement 104 and update of announcement 105

27.12.2023 11:08:29 CET | SPENN Technology A/S | Company Announcement

Company Announcement No. 116

In "Company Announcement 104 Capital increase" dated the 25. April 2023 it was informed that a private placement of a total value of DKK 14.203.850 with a share price of DKK 10 would take place. The correct capital increase that was registered with Erhvervsstyrelsen in June 2023 was with a total value of DKK  14.312.000 with a share price of DKK 10. SPENN will apply with Nasdaq as soon as possible for the new shares to be adopted in to trading. 

In connection with "Company Announcement 105 Inside information about acquisition of 16% stake in NBX and capital" increase dated 22 May 2023 with an increase of 832.255 new shares and a subscription price of DKK 16. The transaction in which SPENN Technology A/S was to take over 16% of the shares in the Norwegian company NBX has been delayed and therefore no shares have been registered or issued as of now. There is dialogue between the parties in relation to the completion of the transaction and is expected to be clarified as soon as possible.

For further Information, please contact
Jens B. Glaso, CEO SPENN Technology A/S. Phone [phone], e-mail: [e-mail]

Certified Adviser
SPENN Technology’s Certified Adviser is Baker Tilly Corporate Finance P/S (CVR-nr. 40073310), Poul Bundgaards Vej 1, 1., DK-2500 Valby, tlf. [phone]

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: [phone]
www.spenn.com

About SPENN Technology A/S

In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA. 

Ticker codes:

Europe – Nasdaq First North: SPENN

USA – OTCQX: SPNNF

© Ritzau Denmark, source Ritzau English Regulatory Releases