Quickbit publishes prospectus in connection with the rights issue

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE ILLEGAL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER ACTION. 

The Board of Directors of Quickbit eu AB (publ) (Nasdaq First North Growth Market: QUICK) ("Quickbit" or the "Company") announced on August 15, 2023, with the support of the authorization from the Annual General Meeting on November 22, 2022, a decision to carry out a rights issue of a maximum of 79,614,662 shares with preferential rights for the Company's existing shareholders (the "Rights Issue"). The Board of Quickbit has drawn up a prospectus in connection with the rights issue and the start of the subscription period, which begins on 20 October 2023, and has today been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and has been published on the Company's website.
 

Publication of prospectus

Complete information about the Rights Issue can be found in the prospectus which has been drawn up by the Board of the Company and which has today been approved by the Swedish Financial Supervisory Authority. The prospectus is available on Quickbit's website, https://investor.quickbit.com/, Eminova Fondkommission, https://eminova.se/ and will be available on Finansinspektionen's website https://fi.se/sv/vara-register /prospectregistret/.

The prospectus has been drawn up as an EU growth prospectus in accordance with Article 15 of Regulation (EU) 2017/1129 of the European Parliament and of the Council (the "Prospectus Regulation"). The prospectus has been approved by Finansinspektionen, which is the Swedish competent authority according to the Prospectus Ordinance, in accordance with Article 20 of the Prospectus Ordinance. Finansinspektionen approves the prospectus only to the extent that it meets the requirements for completeness, comprehensibility and consistency set out in the Prospectus Ordinance. The approval should not be regarded as any kind of support for Quickbit or support for the quality of the securities referred to in the prospectus and does not mean that the Finansinspektionen guarantees that the factual information in the prospectus is correct or complete. Investors are invited to make their own judgment as to whether it is appropriate to invest in the Rights Issue.
 

The Rights Issue in summary

• The terms of the Rights Issue mean that shareholders in the Company receive nine (9) subscription rights for every one (1) share held. Ten (10) subscription rights are required to subscribe for one (1) share.

• The maximum number of shares that can be issued amounts to 79,614,662 shares. The subscription price is SEK 0.41.

• If the Rights Issue is fully subscribed, the Company will receive approximately SEK 32.5 million before deductions for costs attributable to the Rights Issue.

• The net proceeds from the Rights Issue will be used to strengthen the working capital, expand the tech team as well as market efforts and sales work towards a larger number of e-commerce companies and other customer segments.

• Finserve Exelity and Formue Nord have provided guarantee commitments and undertaken to guarantee a total of SEK 21 million of the Rights Issue.

• Shareholders who chose not to subscribe for new shares in the Rights Issue will have their shareholding diluted by approximately 47.4 percent.

• Complete terms and conditions for the Rights Issue can be found in the prospectus.

 

Schedule for the Rights Issue

  • The record date for participating in the Rights Issue was October 18, 2023

 • The subscription period to participate in the Rights Issue takes place October 20 – November 6, 2023

  • Trading in subscription rights in the Rights Issue takes place October 20 – November 1, 2023

  • Trading in BTAs in the Rights Issue is expected to take place around October 20 – week 48, 2023

  • Preliminary date for publication of the outcome of the Rights Issue is November 8, 2023
 

Advisor

Financial advisors in this transaction are Eminova Fondkommission and Eminova Partners. Issuing institution is Eminova Fondkommission.

 

For further information, please contact:

Daniel Sonesson, CEO 

+ 46 73 530 30 25
[email protected]  

------------------------------------

Quickbit is a Swedish fintech company founded in 2016 with the goal of making the integration of cryptocurrencies into the everyday lives of people and companies smoother. Today, Quickbit offers safe and easy-to-use products for e-merchants as well as customers. With a transaction volume to date in excess of €1 billion, Quickbit has already enabled and empowered individuals around the world, through the use of cryptocurrencies. Quickbit has been listed on NGM Nordic SME since July 2019. For more information, please visit www.quickbit.com