Embellence Group completes the acquisition of Artscape Inc and resolves on new share issue
Embellence Group AB (publ) (“Embellence Group”) today announces that the acquisition of Artscape Inc, as announced by press release on 21 February 2022, has been completed.As part of the purchase price for the shares in Artscape Inc, the board of directors of Embellence Group today resolved on a new share issue of 1,183,877 shares, to a value of SEK 40,725,368.80, corresponding to a subscription price of SEK 34,40 per share (corresponding to the volume-weighted average price for the Embellence Group’s share over the most recent ten trading days on Nasdaq First North Premier Growth Market