Nasdaq Stockholm AB
First North Growth Market - Equities
The observation status of Vertical Ventures AB (publ) (under name change to
Arcane Crypto AB) is removed (39/21)
On February 5, 2020, Nasdaq Stockholm AB (the “Exchange”) decided that the
shares in Vertical Ventures AB (publ) (under name change to Arcane Crypto AB)
(the “Company”) were to receive observation status with reference to a letter
of intent to acquire all of the shares of Tongdow E-Commerce Group Ltd through
a reversed acquisition.
On July 8, 2020, Nasdaq Stockholm AB decided to update the observation status
on the grounds that the Company had canceled the process of acquiring the
shares of Tongdow E-Commerce Group Ltd and instead entered into a letter of
intent to acquire all of the shares of ArcaneCrypto AS through a reversed
acquisition, which would result in a new listing process for continued
admission to trading of the Company´s shares on Nasdaq First North Growth
Market.
On December 4, 2020, the Company issued a press release with information that
the Exchange had approved the Company´s shares for continued trading on Nasdaq
First North Growth Market. The decision was, inter alia, conditional upon that
an extraordinary general meeting of shareholders in the Company would approve
the acquisition of the shares of Arcane Crypto AS.
On January 11, 2021, the Company issued a press release with information that
an extraordinary general meeting of shareholders in the Company had approved
the acquisition of the shares of Arcane Crypto AS. Later that same day, the
Company issued another press release with information that the acquisition had
been completed.
With reference to the above, Nasdaq Stockholm AB has decided that the
observation status for the shares of Vertical Ventures AB (publ) (VEVEN, ISIN
code SE0007614722, order book ID 67911) shall be removed with immediate effect.
For further information concerning this exchange notice please contact Issuer
Surveillance, telephone +46 8 405 60 00.
Nasdaq Stockholm AB