Bricknode publishes an information document regarding the proposed sale of its operational assets to Huddlestock Fintech AS (OSE: HUDL)

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION.

Bricknode Holding AB (publ) ("Bricknode") announced on 15 March 2023 that Bricknode and Huddlestock Fintech AS ("Huddlestock") had entered into a purchase agreement regarding a transfer of all operational assets of Bricknode to Huddlestock in exchange for 41,138,911 consideration shares in Huddlestock, with a value of approx. SEK 107 million[1] (the "Proposed Transaction"). Completion of the Proposed Transaction is conditional upon, among other things, approval by a general meeting of Bricknode (the "EGM"). The consideration shares will be issued in three separate and subsequent tranches with the first tranche issued on completion of the Proposed Transaction and the subsequent tranches expected to be issued no later than during the first six months of 2024. Bricknode's current intention is to distribute the majority of the consideration shares to its shareholders without undue delay following receipt of each tranche.