24SevenOffice Group AB received court ruling on price for shares in Busy Technologies AS
24SevenOffice is currently involved in a legal matter with the founders of Busy Technologies AS (“Busy”) concerning the terms of an earnout agreement and the founders’ admitted tax fraud. The core of the dispute lies in whether Busy fulfilled specific financial criterias that would allow its founders to exercise an option to sell their remaining shares in Busy to 24SevenOffice. The option for the founders to sell their shares only applies if Busy 1) has not raised additional capital after the initial investment of 2.5 MNOK and 2) has an ARR over 3 MNOK. Through the preliminary ruling,