Ytrade Group AB (publ) terminates liquidity guarantee
Ytrade Group AB (publ) (the “Company”) has terminated its liquidity guarantee agreement with Lago Kapital. The agreement expires on June 10, 2021. The purpose of the guarantee was to improve share liquidity and reduce volatility in connection with the admission to trading the Company’s shares on Nasdaq First North Growth Market. The company believes that the liquidity guarantee is no longer needed and has therefore chosen to end the agreement.
For further information, please contact:
David Knape, CEO Ytrade Group AB (publ)
Phone: +46 70 999 90 09
This information has been published through the agency of the contact person above, at the time specified by Ytrade Group AB's (publ) news distributor Cision upon publication of this press release.
Ytrade Group AB (publ) is a Swedish fashion-tech company which operates the Yaytrade marketplace. The company was formed in Sweden and registered with The Swedish Companies Registration Office in 2015. The first version of Yaytrade's marketing platform was launched to the public at the end of 2017.
At Yaytrade, individuals can shop for premium fashion and lifestyle products directly from brands selling off their outgoing stock, samples, and returns via “digital pop-up shops”. The company also sells premium second-hand from private individuals and influencers. Community users can create their own e-store and populate it with items from collected via Yaytrade pick-up service as well as post self-created ads. Yaytrade appeals to a chic urban demographic with a striking design which took home a silver medal Swedish Design Prize in 2020 in the e-commerce category. The company's market platform is a proprietary high-tech e-commerce platform where premium fashion meets the circular economy, contributing to more sustainable consumer behaviour which further drives environmentally sound fashion consumption.
The company's Certified Adviser is Eminova Fondkommission AB, phone: +46 (0)8-684 211 10, e-mail: firstname.lastname@example.org
For more information, see Yaytrade's website www.yaytrade.com