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 the acquisition of MyFirstApp Group has been determined. We are delighted that we, together with the sellers, have maintained a good relationship over the years and that we look forward to continuing to work together and maintain this positive relationship," says Jesper Nord, CEO of MyFirstApp Sweden AB. "We will continue our joint efforts to develop the group's various platforms and market areas."

For further information, please contact:
Jesper Nord, CEO MyFirstApp Sweden AB (publ)
Mobile: +4673 329 13 29
Email: jesper@myfirstapp.com

MyFirstApp Sweden AB (publ)
The MyFirstApp group is an edtech company that offers a wide range of educational games and applications through our brands Evolear, 10Monkeys, TalesTime, and MyFirstApp worldwide. Our commitment is to promote children's learning and development in areas such as mathematics, language, and cognitive skills by providing fun and interactive tools adapted for various ages and stages of development