GP Investments, Ltd. (BOVESPA:GPIV33) made an offer to acquire remaining 34.31% stake in Spice Private Equity AG (SWX:SPCE) for $21.2 million on June 2, 2022. Under the terms, the offer price will be $16.25 per share. The Board of Directors of Spice unanimously recommends that Spice shareholders accept GP's Offer. Transaction shall be subject to condition 90% acceptance rate of all Spice shares issued as per the end of the Offer period. Offer Period would run from July 29, 2022 until August 26, 2022. As of the end of the Offer Period on August 26, 2022, 4,423,422 Spice Shares in aggregate, corresponding to 91.69% of the issued share capital and voting rights of Spice have been tendered. At the end of offer, GP Investments owns more than 90% stake in Spice Private Equity and intends to squeeze out remaining shares. The Additional Acceptance Period of ten (10) Trading Days for the subsequent acceptance of the Offer will commence on September 2, 2022 and end on September 15, 2022. Helvetische Bank AG acted as manager to GP Investments, Ltd.

GP Investments, Ltd. (BOVESPA:GPIV33) completed the acquisition of remaining 34.31% stake in Spice Private Equity AG (SWX : SPCE) on September 15, 2022. Six Exchange Regulation (SER), has given the green light to the delisting of the holding company.