MyFirstApp Signs Letter of Intent for the Sale of MyFirstApp Group S AB and Oy 10Monkeys Ltd
Stockholm - 2024-06-05MyFirstApp Sweden AB has today signed a Letter of Intent (LOI) with edyoutec AB to sell all shares in our subsidiaries MyFirstApp Group S AB and Oy 10Monkeys Ltd ("the Target Companies").Purchase PriceThe parties have preliminarily agreed on an initial purchase price of SEK 16.0 million for the shares in both Target Companies. The purchase price will be paid through a combination of newly issued shares in the Buyer worth SEK 8.0 million, based on a price of SEK 0.85 per share, and a promissory note of SEK 8.0 million. Some of the shares issued will be subject to