Huddlestock Fintech AS (DE:9JR) has released an update.
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Huddlestock Fintech AS has announced a significant capital increase through the conversion of a NOK 47,681,168.60 debt into equity, resulting in 18,338,911 new shares priced at NOK 2.60 each. This strategic move, involving a set-off arrangement with Bricknode Holding AB, is poised to enhance the company’s financial structure by bolstering its share capital to NOK 441,886.24, spread over 232,571,703 shares. The conversion is pending regulatory registrations and the finalization of a private placement process.
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