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QuickCool AB (Publ): Today, the Board of Directors has taken the decision to file for the Company's bankruptcy

There were no conditions for executing the reverse take-over with GameCubed within a reasonable time and the Company is in a state of insolvency.The Board of Directors of the Company has today, after it became clear that there are no conditions for executing the reverse take-over with GameCubed, Spotlight's decision to delist the company as of April 17, and the financial turbulence that has arisen in connection with the Corona virus, the Board of Directors finds it impossible to raise the necessary capital to ensure continued operation. The Board of Directors has decided to submit its own

QuickCool AB (publ) After extensive negotiations, the Board of Directors has concluded that the conditions for a reverse take-over do not exist

QuickCool ABs (the "Company") Board of Directors has been forced to conclude that it is not possible to execute a reverse take-over of the Canadian Esports company GameCubed Inc. in line with what has been previously communicated.On February 12, 2020, QuickCool AB ("QuickCool") entered into a letter of intent with Canadian Esports company GameCubed Inc. ("GameCubed") and its shareholders under which the shareholders of GameCubed intended to transfer a 100% holding in GameCubed to QuickCool in exchange for newly issued QuickCool shares. After extensive negotiations, the Board of Directors

QuickCool AB (Publ): Board announces delay in completing potential “Reverse Take Over” of QuickCool by Esport company GameCubed Ltd. amid economic crisis brought about by Covid 19.

Spotlight announces decision to delist QuickCool as of April 17. The timetable for the proposed Transaction has been delayed by unexpected global economic crisis brought about by Covid 19.Proposed RTO delayed   On 10 February 2020, QuickCool AB (“QuickCool”) entered into a letter of intent with Canadian Esport company CameCubed Ltd. (“GameCubed”) and its shareholders pursuant to which the shareholders of GameCubed agreed to transfer a 100% holding in GameCubed to QuickCool in exchange for newly issued QuickCool shares (the “Transaction”).  GameCubed in turn has executed a binding SPA

Major shareholder notification: reduction of Biovation Sciences Ltd shareholding in QuickCool AB (publ) to 15.63%

Recent changes in the number of outstanding shares of and votes in QuickCool AB (publ) has resulted in the dilution of Biovation Sciences Ltd’s shareholding to 15.63 percent of the total number of outstanding shares of and votes in QuickCool AB (publ). The total number of registered QuickCool shares at EuroClear is 10 172 315 shares.Recent changes in the number of outstanding shares of and votes in QuickCool AB (publ) has resulted in the dilution of Biovation Sciences Ltd’s shareholding to 15.63 percent from 29.95 percent of the total number of outstanding shares of and votes in QuickCool

More from the Company Monthly Newsletter February 2020

During the month of February, we have continued our development and documentation work. We CE-marked our positioning strap, continued the preparations for two patent applications, expanded our organization with Sara Nehlstedt, and continued the negotiations regarding the long-term financing.QuickCool’s Positioning Strap, intended to keep catheters in place during treatment, has been CE-marked. It has been registered at Läkemedelsverket i.e. the Swedish Medical Products Agency’s register for medical devices Class I products. The Positioning strap is part of the Nasal Cooling Kit, i.e.

QuickCool AB (publ) CE-marks Positioning Strap

QuickCool AB (publ) (the "Company") announces that the Positioning Strap, intended to keep catheters in place during treatment, is being registered at Läkemedelsverket i.e. the Swedish Medical Products Agency’s register for medical devices Class I products. The Positioning strap is part of the Company's Nasal Cooling Kit, i.e. disposable kit, which will be used during mild hypothermia treatments of cardiac arrest patients together with the QuickCool® SYSTEM. During the year, the technical files for the remaining parts of the system will be submitted and reviewed by the Company's notified

Quickcool AB: Directed share issue to the European High Growth Opportunities Securitization Fund

The Board of Directors of QuickCool AB (publ) ("QuickCool"), supported by the authorization from the annual general meeting on May 7, 2019, decided and implemented a directed share issue, with exemption from the shareholders ' preferential rights. The new share issue has been addressed to the European High Growth opportunities Securitization Fund.The purpose of the directed share issue has been to fulfil one of the terms of the financing agreement that Quickcool entered with the European High Growth Opportunities Securitization Fund. Information about the financing agreement was provided

Year-End Report 2019

1 January 2019 - 31 December 2019 (12 months)FOURTH QUARTER OCTOBER - DECEMBER 2019Revenues:0 KSEK (0). Operating earnings after taxes -1 888 KSEK (-2 947).Net income per share:-0,21 SEK (-0,12). JANUARY - DECEMBER 2019Revenues:0 KSEK (0). Operating earnings after taxes -7 679 KSEK (-9 781).Net income per share:-0,87 SEK (-0,42). Solidity: 75% (78). Net income per share: Net income for the period divided by the average number of shares during the period. Total number of share * as of 30 December 2019 amounted to 8 872 315 shares.IMPORTANT EVENTS DURING 2019 · On 28

QuickCool AB (publ): QuickCool AB requests the twelfth tranche of convertible loan from European High Growth Opportunities Securitization Fund

QuickCool AB (Publ) ("QuickCool" or the "Company") requests the twelfth tranche of convertible loan amounting to SEK 2 M from European High Growth Opportunities Securitization Fund in accordance with the financing solution announced by Quickcool through a press release on 21 June 2018.Convertible Instruments The board has resolved, based on the general meeting’s authorization, to request the issuance of the twelfth tranche of convertible loan amounting to SEK 2 million by issuing convertible instruments. The convertible instruments can be converted into shares of QuickCool. European High

QuickCool AB (publ): European High Growth Opportunities Securitization Fund requests conversion of convertible bonds

European High Growth Opportunities Securitization Fund has by notice to the board of directors of QuickCool AB (Publ) ("QuickCool") called upon its right to conversion of convertible bonds previously issued in accordance with the financing solution announced by QuickCool through a press release on 21 June 2018.QuickCool has received notification from European High Growth Opportunities Securitization Fund regarding conversion of convertible bonds into 1 000 000 shares in QuickCool, corresponding to SEK 1 000 000 of the convertible loan. The conversion price per share is SEK 1,00. Upon

QuickCool AB (Publ): QuickCool has entered into a letter of intent regarding the potential “Reverse Take Over” of QuickCool by Esport company GameCubed Inc.

As a result of the RTO, QuickCool would own and operate the Swedish-based Esport team Alliance, currently one of the top five Esport teams in the world.The Proposed Transaction On 12 February 2020, QuickCool AB (“QuickCool”) entered into a letter of intent with Canadian Esport company GameCubed Inc. (“GameCubed”) and its shareholders pursuant to which the shareholders of GameCubed agreed to transfer a 100% holding in GameCubed to QuickCool in exchange for newly issued QuickCool shares (the “Transaction”).  The completion of the Transaction is subject to a number of conditions, including

QuickCool AB (publ): European High Growth Opportunities Securitization Fund requests conversion of convertible bonds

European High Growth Opportunities Securitization Fund has by notice to the board of directors of QuickCool AB (Publ) ("QuickCool") called upon its right to conversion of convertible bonds previously issued in accordance with the financing solution announced by QuickCool through a press release on 21 June 2018.QuickCool has received notification from European High Growth Opportunities Securitization Fund regarding conversion of convertible bonds into 400 000 shares in QuickCool, corresponding to SEK 400 000 of the convertible loan. The conversion price per share is SEK 1,00. Upon

The Board of Directors of QuickCool AB (publ) discusses and negotiates financing alternatives

The Board of Directors of QuickCool AB (publ) (the “Company”) currently negotiates various financing options and different arrangements. During the month of February, the Board of Directors will present and propose a long-term financing solution.The Board of Directors of QuickCool AB (publ) (the “Company”) currently negotiates various financing options and different arrangements. Earlier an RTO proposal within the cannabis and other alternative medical markets was discussed, but this proposal was withdrawn on 24 November, 2019. It is no longer an alternative to invest in the cannabis and

More from the Company Monthly Newsletter January 2020

We welcome a new, eventful and exciting 2020! During the first month of the decade, we have continued our development and documentation work. Negotiations regarding our long-term financing have continued, meetings with some subcontractors have been held, and we haveworked with the preparations for further patent applications as well as the application to the Swedish Medical Products Agency relating to our positioning strap (Class 1) that will be submitted in the next few weeks.We started the year by visiting the factory where our Nasal Cooling Kits, the disposable items, will be produced.

QuickCool AB (publ): European High Growth Opportunities Securitization Fund requests conversion of convertible bonds

European High Growth Opportunities Securitization Fund has by notice to the board of directors of QuickCool AB (Publ) ("QuickCool") called upon its right to conversion of convertible bonds previously issued in accordance with the financing solution announced by QuickCool through a press release on 21 June 2018.QuickCool has received notification from European High Growth Opportunities Securitization Fund regarding conversion of convertible bonds into 300 000 shares in QuickCool, corresponding to SEK 300 000 of the convertible loan. The conversion price per share is SEK 1,00. Upon

QuickCool AB (publ): European High Growth Opportunities Securitization Fund requests conversion of convertible bonds

European High Growth Opportunities Securitization Fund has by notice to the board of directors of QuickCool AB (Publ) ("QuickCool") called upon its right to conversion of convertible bonds previously issued in accordance with the financing solution announced by QuickCool through a press release on 21 June 2018.QuickCool has received notification from European High Growth Opportunities Securitization Fund regarding conversion of convertible bonds into 500 000 shares in QuickCool, corresponding to SEK 500 000 of the convertible loan. The conversion price per share is SEK 1,00. Upon

More from the Company Monthly Newsletter December 2019

We have experienced an eventful year and welcome a new, exciting 2020!When reflecting on the past year, one can fully understand that it has been an eventful year. Even if one were to exclude all participations in various conferences and symposia such as the Therapeutic Temperature Management Conference in Miami, Post Cardiac Arrest International Symposium in Lund and SAMTIT in Stockholm, meetings with potential distributors in different countries, as well as presentations and discussions with investors, Swedish Shareholders' Associations and Stock Market Days, one would be astonished to

QuickCool AB (publ): QuickCool AB requests the eleventh tranche of convertible loan from European High Growth Opportunities Securitization Fund

QuickCool AB (Publ) ("QuickCool" or the "Company") requests the eleventh tranche of convertible loan amounting to SEK 2 M from European High Growth Opportunities Securitization Fund in accordance with the financing solution announced by Quickcool through a press release on 21 June 2018.Convertible Instruments The board has resolved, based on the general meeting’s authorization, to request the issuance of the eleventh tranche of convertible loan amounting to SEK 2 million by issuing convertible instruments. The convertible instruments can be converted into shares of QuickCool. European

QuickCool AB (publ): European High Growth Opportunities Securitization Fund requests conversion of convertible bonds

European High Growth Opportunities Securitization Fund has by notice to the board of directors of QuickCool AB (Publ) ("QuickCool") called upon its right to conversion of convertible bonds previously issued in accordance with the financing solution announced by QuickCool through a press release on 21 June 2018.QuickCool has received notification from European High Growth Opportunities Securitization Fund regarding conversion of convertible bonds into 714 285 shares in QuickCool, corresponding toSEK 500 000 of the convertible loan. The conversion price per share is SEK 0,70. Upon

QuickCool AB (publ): The Board of QuickCool AB (publ) needs additional time to complete the negotiations on the company's long-term financing

On November 24, 2019, the Board of Directors of QuickCool AB (publ) resolved to withdraw proposals for resolutions at the Extraordinary General Meeting in light of the ongoing negotiations being conducted by the Board on the Company's future financing and operations. The Board has continued to evaluate available financing options and negotiate various arrangements.The Board needs additional time to analyze and decide on the structure that best takes into account the interests of the shareholders. The Board's previous assessment that the negotiations could be completed within a two-week

More from the Company Monthly Newsletter November 2019

During the month of November, we have continued our development and documentation work. The negotiations regarding our long-term financing have continued, another patent application was submitted to PRV (The Swedish Patent and Registration Office), our Notified Body, TÜV Süd, conducted its annual audit of our Quality Management System and we participated at Stora Aktiedagen in Stockholm.Our notified body, TÜV Süd, conducted their annual recertification review of our Quality Management System according to ISO 13485:2016 for two days. It was a well-conducted inspection and review of our

The Board of Directors in QuickCool AB (publ) withdraws proposals for resolutions and cancels the Extraordinary General Meeting on Tuesday, 3 December 2019

The Board of Directors of QuickCool AB (publ) (the “Company”) has decided to withdraw its proposals for resolutions submitted to the Extraordinary General Meeting on Tuesday, 3 December 2019. The withdraw refers to the Board of Directors’ proposals under items 7-11 on the agenda.The Board of Directors has resolved to withdraw the proposals for resolutions based on the ongoing negotiations on the Company’s future financing and business. The Board of Directors has resolved to withdraw the proposals for resolutions based on the ongoing negotiations on the Company’s future financing and

QuickCool AB (publ) signs letter of intent with Biovation

As previously communicated, QuickCool AB (publ) (“QuickCool”) proposes to transform the existing QuickCool company into a holding structure to invest in cannabis and other alternative medical markets as well as to, in a separate new subsidiary, continue to develop QuickCool® SYSTEM.As part of the change of business, QuickCool intends to enter an agreement with Biovation Sciences Ltd. (“Biovation”) regarding investment advice and support for investments in additional operations. As of 19 November 2019, QuickCool and Biovation have entered into a letter of intent on such collaboration.

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