Acroud AB: Acroud announces that the directed set-off issue is not completed
The board of Acroud AB (”Acroud”) announces that no shares has been subscribed in the directed set-off issue, which the company decided on 17 April 2024. The issue resolution has therefore lapsed.
The board of Acroud has on 17 April 2024 resolved on a directed set-off issue of 2,358,490 shares at a price of SEK 0.848 per share. The issue was resolved upon due to an earn-out consideration in relation to Acroud’s acquisition of 100 % of the shares in Swedishsantas Media AB (the “Target Company”), which was carried out in 2021. The resolution to issue new shares constituted part of the agreed earn-out consideration for the shares in the Target Company which Acroud acquired from the previous shareholder of the Target Company (the “Seller”). The Seller has had the opportunity, as agreed between the parties, to subscribe for shares in the company by way of set-off against the agreed earn-out consideration. The issue resolution has lapsed because the Seller did not subscribed for the shares in the directed set-off issue within the subscription period.
This information constitutes inside information that Acroud AB (publ) is required to disclose under the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons below, at the time specified by Acroud AB's (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Andrzej Mieszkowicz, CFO
+35699112090
ACROUD AB (publ)
Telephone: +356 2132 3750/1 E-mail: info@acroud.com Website: www.acroud.com
Certified Adviser: FNCA Sweden AB, info@fnca.se
From August 2021 (Q221 Report) report Acroud has changed reporting and company language to English. This means that Interim Reports and the correlated press releases will be issued in both English and Swedish, however the English version will supersede the Swedish version.
About ACROUD AB
ACROUD is a fast-moving challenger in the space of iGaming Affiliation and B2B SaaS Solutions. Along with its core affiliate business, which contains 30+ comparison and news sites under strong digital brands in multiple verticals, Acroud develops and offers SaaS (Software as a Service) solutions within the affiliate industry. The company also provides streaming services and runs the innovative gaming event – The Festival Series.
Following a number of mergers in 2020 and 2021, many talented industry experts have joined Acroud's journey, leading the organization towards a Software-Based Affiliation company. Driven by the sustainable growth and profitability of our partners, our mission is to connect People, Content Creators (Youtubers, Streamers, Affiliates) and Businesses. Acroud has been listed on the Nasdaq First North Growth Market under the ticker symbol ACROUD since June 2018.