HODL SPAC Europe AB: Year-end report 2022
HODL SPAC Europe AB publishes the Year-end report for the period January – December 2022. Please find the report attached or available at the website (www.hodlspac.se). Presented below is a summary of the report. The report in full is only available in Swedish. N.B. this is a translation of the Swedish version, and should there be differences, the Swedish version prevails.
”Our first priority is to create long term value for our shareholders. Therefore, we communicated, already at the listing of the share, that we could expand our search beyond the communicated investment criteria. Hence, our focus is mainly on finding a profitable and growing company, but that ideally has a growth potential that would attract the market when market sentiment changes and focus once again turns back to growth. Currently, we see it as unlikely that an acquisition will be found in the blockchain sector." – Vahid Toosi, CEO
Full year 2022
● Earnings per share was SEK -0.08 (-0.11) for the period.
● Profit after tax for the period was TSEK -628.5 (-223.4).
● Cash and cash equivalent amounted to TSEK 28,973.7 (10,891.1).
Significant events during and after the period
● The share issue was oversubscribed and the share was listed on Spotlight Stock Market on January 21, 2022.
● The Annual Shareholders Meeting was held on May 23, 2022.
Proposed dividend
● The Board proposes that no dividend is paid for the financial year.
Financial report in summary.
|
TSEK |
Full year 2022 |
|
Operating profit/loss |
-662.52 |
|
Operating profit after tax |
-628.5 |
|
Cash flow from operations |
-917.3 |
|
Cash flow for the period |
18,082.7 |
|
Cash and cash equivalents |
28,973.79 |
Note: Previous period in parentheses. The company was founded 19 October 2021, which means that the comparative period is shorter.
FOR MORE INFORMATION:
Vahid Toosi
+46 729 42 48 92
Follow HODL on Twitter: https://twitter.com/hodlspac
Follow HODL on LinkedIn: https://www.linkedin.com/company/hodl-spac
The company ticker is HODL and ISIN SE0017131865
About HODL SPAC Europe AB
HODL SPAC Europe AB (Publ) ("HODL") intends to acquire an unlisted European growth company. For target companies and their owners, we offer a more efficient, transparent and attractive way of becoming a listed company. The company can start a new expansion phase and build the company together with a knowledgeable and long term owner in HODL. For investors HODL offers an opportunity to take part in value creation through HODL, and its experienced team, executing an investment in an unlisted company. https://hodlspac.se
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