Quickbit recovers deposited collateral of 3.9 mEUR
Today Quickbit has in its entirety recovered its outstanding receivable consisting of deposited collateral (so-called rolling reserve) in the form of cash and cash equivalents of 3.9 mEUR. Previously, Quickbit announced that the expectation was that the deposited collateral, which was a collateral Quickbit needed to make to a previous acquiring partner, would be repaid to Quickbit before the end of the fourth quarter ‘21/22. The receivable has now been repaid to Quickbit in its entirety and the proceeds are intended to be used for future acquisitions and investments in growth. For