Rightbridge Ventures divests its portfolio company Team Singularity for 1 DKK and saves 570,000 SEK in short-term financing.
Rightbridge Ventures Group AB (publ) (“Rightbridge”) or (“the Company”) has today entered into an agreement to divest all shares in Team Singularity ApS (“SNG”) to Atle Capital ApS, which is a minority shareholder. The purchase price amounts to one (1) DKK. The sale of SNG results in a goodwill impairment of approximately 18.7 MSEK and a loan write-down of 4 MSEK.The new board of Rightbridge, along with the new management, has undergone a review of operations in October to streamline the portfolio by becoming an investment company focusing on IP rights and gaming. To implement the strategy,