New Value AG (SWX:NEWN) signed an investment agreement to acquire EyeEm Mobile GmbH from shareholders of EyeEm Group for $40 Million on May 25, 2021. The acquisition of the shareholding will mainly take place through the issuance of New Value shares in the context of a capital increase by way of contribution in kind, which is still to be resolved by the General Meeting. In order to be able to execute the acquisition of the EyeEm shares and, if applicable, to acquire further participations, the Board of Directors is proposing to an Extraordinary General Meeting to be called on 18 June 2021 ordinary capital increases of up to approximately CHF 8.5 million. The election of Michael Wachsler as a member of the Board of Directors is proposed. Transaction is subject to the approval of the shareholders of New Value AG. Drake Star Partners acted as exclusive financial advisor to EyeEm Mobile GmbH. Giovanni Russo of Dechert acted as legal advisor to EyeEm Mobile GmbH.

New Value AG (SWX:NEWN) completed the acquisition of EyeEm Mobile GmbH from shareholders of EyeEm Group on December 31, 2021.