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Extension of time for share transfer agreement with edyoutech

With reference to the previous press release and the letter of intent signed on June 5th, the parties have decided to extend the time for the signing of the share transfer agreement and the completion of the transaction until September 2024. This extension is necessary due to the due diligence process being more extensive and taking longer than anticipated. Jesper Nord, CEO, comments: "We remain committed to completing this transaction, which aligns with our strategy to offer innovative solutions in e-learning and AI education.”

Final Payment for the Acquisition of MyFirstApp Group S AB

Stockholm - July 22, 2024 MyFirstApp Sweden AB announces today that the final payment for the acquisition of MyFirstApp Group AB has been determined. The payment will be made through the issuance of shares valued at 90,000 SEK, calculated based on the 30-day volume-weighted average price (VWAP) between June 4 and July 19, 2024. The price per share is estimated at 2.10 SEK, and the number of new shares amounts to 42,857. Number of shares after the issuance: 4,452,156 shares.Share capital after the issuance: 616,761.890 SEK. "We are pleased to announce that the final payment for

Communiqué from the Annual General Meeting of MyFirstApp Sweden AB (publ)

Stockholm, June 11, 2024 Today, June 11, 2024, MyFirstApp Sweden AB (publ) held its Annual General Meeting. All resolutions were passed unanimously and in accordance with the previously presented proposals. The following material decisions were made: · The AGM approved the income statement and balance sheet for the company. · The AGM resolved, in accordance with the Board's proposal, that no dividend will be distributed and that the company's results will be carried forward to the new accounts. · The AGM granted discharge from liability to the Board members and the CEO. ·

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

Notice of Annual General Meeting in MyFirstApp Sweden AB (Publ)

The shareholders of MyFirstApp Sweden AB (publ), registration number 556670-3038, are hereby invited to the Annual General Meeting on June 11, 2024, at 09:00, at Birger Jarlsgatan 20, 5th floor, 114 34 Stockholm.Shareholders who wish to participate in the meeting must be registered in a transcript of the share register reflecting the conditions as of May 31, 2024, and must notify the company of their participation by May 31, 2024, either in writing to BOX 164 16, 103 27 Stockholm or via email to ir@myfirstapp.com. Notifications should include name, personal or corporate identification

MyFirstApp Enters Partnership Agreement with Skolon – 750,000 Potential New Users

Stockholm - 2024-05-06Today, MyFirstApp has entered into a partnership agreement with Skolon. According to the agreement, its subsidiary, 10Monkeys, will publish its product on the Skolon platform. Skolon is a digital educational platform with more than 750,000 users spread across 100 counties in Sweden, and also reaches classrooms in England, Norway, Denmark, and Finland.Through the partnership, MyFirstApp and its subsidiary 10Monkeys now begin the work of integrating the company’s products into Skolon. This integration aims to streamline sales by increasing exposure and simplifying

MyFirstApp Conducts Directed Set-off Issue - New Strategic Investor in Abelco Investment Group AB

The board of MyFirstApp continuously works to strengthen the balance sheet and reduce debt. As such, the board has decided on a directed set-off issue to a strategically important investor and new owner, Abelco Investment Group AB (Abelco).The set-off issue consists of 640,000 shares with a subscription price of 2.50 SEK per share with a quota value of 0.139 SEK per share, equating to a total value of 1.6 million SEK. This will increase the company's total number of shares from 3,769,299 to 4,409,299. The company’s share capital will increase by 88,659.88 SEK, totaling 610,824.841 SEK.

MyfirstApp Sweden: CEO Update on Vision and the Future of the Company

MyfirstApp Sweden offers a range of digital services, primarily consisting of digital applications tailored for children. The solutions are used by numerous preschools/schools where the apps are adapted with various developmental levels for learning and personal development. The apps go by different names and cover areas such as basic mathematics and cognitive abilities.In early March 2024, the company's CEO, Jesper Nord, was interviewed by Per Stolt from Dagens Börs, read the full interview here  (in Swedish). Today, the company

MyFirstApp's directed share issue registered with the Swedish Companies Registration Office

Stockholm, 2024-03-01 The Swedish Companies Registration Office has now registered the previously communicated (7 February 2024) directed new share issue of 160,000 shares at a subscription price of SEK 2.50 per share with a nominal value of SEK 0.139 per share to, which corresponds to a total value of SEK 400,000 to IR-Partner AB. The registration increases the company's number of shares from 3,609,299 to 3,769,299. The company's share capital will increase by SEK 22,164.969, to a total of SEK 522,164.969.

MyFirstApp Sweden AB (Publ) secures a credit of 500 TSEK from an related party

Stockholm - February 29, 2024MyFirstApp has today secured a credit of 500,000 SEK from a related lender to strengthen its working capital. The credit can be utilized as needed, up to a limit of 500,000 SEK. Initially, the credit will run until December 31, 2024.The company has today entered into a credit facility with Iron Branch Invest AB for 500,000 SEK, which carries market-rate terms of 8% annual interest + STIBOR, due on December 31, 2024. Final payment will be made at 108% of the debt on the due date.This is a related party transaction since Jesper Nord is the CEO of both the

MyFirstApp Initiates Collaboration with IR-Partner

Stockholm - February 7, 2024 MyFirstApp has entered into a strategic collaboration agreement with IR-Partner AB. In accordance with the board's prior authorization, the company has decided to compensate the new collaboration partner through a directed offset issue. This decision was made to avoid impacting the company's liquidity. The company has intensified its marketing efforts to directly reach the end-users of its products. Through the partnership with IR-Partner AB, MyFirstApp will be able to enhance its communication with both existing and potential shareholders. As compensation

Report of the Extraordinary General Meeting

Stockholm 2024-01-11Today, on 2024-01-11, MyFirstApp Sweden AB (publ) held an extraordinary general meeting. All decisions were made unanimously.The following material decisions were made: · The meeting decided on the election of Stefan Wilhelmsson and Niklas Axelsson. Stefan Wilhelmsson was appointed as the chairman of the board. Christian Kronegård and Hans Orre declined re-election. · The meeting decided on a reduction of the company's share capital to SEK 500,000 to cover losses without withdrawal of shares. · The meeting decided that the limits for share capital and

Write-down of Shares in Subsidiaries

Stockholm - 2024-01-10MyFirstApp Sweden AB (publ) ("MyFirstApp") has, with the principle of caution in mind, identified an impairment need in connection with the ongoing preparation of the financial statements. The board has decided on an impairment of the value of shares in the subsidiary MyFirstApp Group S AB and Oy 10Monkeys.com Ltd totaling approximately SEK 11.6 million. The impairment negatively affects the parent company's equity and results for the fourth quarter of 2023 but has no impact on the group's overall results. The impairment does not affect the company's cash flow.

The Board's Proposal for Decision at the Extraordinary General Meeting on January 11, 2024

Stockholm 2023-12-27The Board presents the following proposals for the extraordinary general meeting on 2024-01-11. The election of the board will be presented no later than at the general meeting.Decision on Reduction of Share Capital (item 7)The Board proposes a reduction of the company's share capital to 500,000 SEK for covering losses. The share capital will be reduced by 17 546 497,95 SEK. The reduction will be made without withdrawal of shares.Decision on Amendment of Articles of Association (item 8)The Board proposes that the general meeting decides to change the limits for

MyFirstApp Launches Evolear – AI Platform for Customized Education

Stockholm 2023-12-21 Today, MyFirstApp launches Evolear , an AI-driven platform for individualized education, now available in its beta version. The platform offers a range of educational tools and resources tailored for teachers and parents globally. By integrating AI with educational content, Evolear aims to enhance and personalize learning experiences for students and children worldwide. At the core of Evolear is AI. The platform continuously analyzes each user's progress and knowledge level. This enables dynamic customization of questions and challenges,

MyFirstApp: Set to Launch Evolear Beta as Planned

Stockholm, Sweden – 2024-12-15MyFirstApp Sweden AB, aspiring to be a leader in AI-based educational technology, proudly announces that they are in the final stages of development for the beta launch of Evolear. This innovative platform, set to launch before Christmas, offers a unique and personalized learning experience to children worldwide. Evolear – A new era in Ed-TechEvolear is a groundbreaking AI-based platform, designed to enhance learning through individualized pedagogy. It dynamically adapts to each student's abilities and progress, transforming the traditional educational

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