(In the Press Release on May 10, there were two different amounts in the headline and preamble. The correct amount is the one from the headline; 5.5M SEK. Correct text, in full, below) Goobit Group AB (publ) ("Goobit" or the "Company") announces today that XXI Capital AB assumes an existing loan of SEK 5,5 million from Blockchain AB to Goobit, refinancing the facility on updated terms.
The refinanced loan carries 0 percent interest and runs for a term of five (5) years. Goobit retains the right to repay the loan early at any time. At maturity, Goobit has the option to repay 50 percent in cash and 50 percent in shares at market value. XXI Capital AB retains the right to use the claim as set-off in a future share issue*.
Through the transaction, Goobit diversifies its lender base and strengthens its relationship with a new strategic lender with relevant experience from the Nordic crypto market.
Goobit views the broadening of its group of financial and strategic counterparties positively.
The Company continues to evaluate various strategic initiatives to strengthen its financial position, operational capacity and long-term market position.
* Included in the agreement are clauses that may or may not be subject to AGM approval or other details requiring board approval.
For further information, please contact: Christian Ander, CEO, Goobit Group AB
Email: ir@goobit.se
About Goobit Group | BTCX
Goobit Group AB (publ) operates within the financial sector and launched BTCX in 2011—the world's first still-operating bitcoin-only exchange. Goobit is Sweden's leading bitcoin company in financial services and education. The Group offers exchange services from fiat currencies to bitcoin. Its most well-known brands are BTCX Express Exchange, Standard Exchange (BTCX), OTC Exchange and Bitcoin Treasury. Goobit Group AB (publ) was registered in 2013 and consists of the wholly owned subsidiaries Goobit AB and Goobit Blocktech AB. The Group is headquartered in Stockholm, Sweden.