Fuud completes acquisition of GI-Boxen and Foodbox
STOCKHOLM, July 20, 2022 12.00 CEST On March 28, 2022, FUUD AB (publ) (“Fuud” or “the Company”) entered into a conditional agreement to acquire 100 percent of the shares in GI-Boxen Sweden AB (“GI-Boxen”) and Foodbox Scandinavia AB (“Foodbox”). In accordance with the Supplementary Agreement entered into on May 20, 2022 (the “Supplementary Agreement”), the total initial purchase price of SEK 55 million will be paid through 168,586,956 newly issued shares in Fuud at a subscription price of SEK 0.23 per share, corresponding to a total of approximately SEK 38.78 million, partly in the form of