RightBridge Ventures Group AB suspends arbitration regarding lock-up agreement

Nasdaq First North-listed RightBridge Ventures Group AB's Board of Directors has decided to discontinue an arbitration proceeding against Blue Horizon Investment ApS.

The former management and board of directors of RightBridge Ventures Group AB considered that a lock-up agreement had been breached, which had been communicated. The new board has decided to discontinue the matter in view of the company’s financial situation. The board is working on finding a long term financial solution for the company.

"The new Board of Directors has reviewed the matter and made the assessment that to discontinue ongoing arbitration proceedings against Blue Horizon is in the best interests of the company and therefore this process is terminated with immediate effect," says Claes Kalborg, newly appointed CEO of RightBridge Ventures. The chairman of the board was not part of the decision due to the nature of the matter.