Arcane Crypto

News

Here you can find our press releases. press releases published by Vertical Ventures prior to the Reversed Acquisition of Arcane can be found in our archive. (Only available in Swedish)

Arcane Crypto AB acquires remaining shares in in Ijort Invest AB, which operates the crypto exchange Trijo, with settlement in shares

Arcane Crypto AS, a wholly owned subsidiary of Arcane Crypto AB ("Arcane Crypto"), has today entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB, which operates the Swedish crypto exchange Trijo ("Trijo"). The purchase price of approximately SEK 33 million, values Trijo at SEK 50 million on a 100 percent basis. The transaction will be fully settled in shares in Arcane Crypto which will be issued to the sellers (the "Transaction"). Arcane Crypto currently owns 34 percent of the shares in Ijort Invest AB. Closing of the Transaction is inter alia conditional upon customary regulatory approval of Arcane Crypto as owner of Ijort Invest AB.

"We are happy to announce the acquisition of Trijo and their great team" says CEO of Arcane Crypto, Torbjørn Bull Jenssen. "Arcane and Trijo has been working together for several years already. By fully joining forces now, we will use the firepower to together lift Trijo to the next level. We already own and operate the Norwegian cryptocurrency borker Kaupang Krypto, and by acquiring Trjio we are strengthening our Nordic footprint while preparing for our European expantion. The synergies between Trijo and Arcane crypto are clear, and the users should expect rapid product development going forward, including integration with the Bitcoin Lightning Network for faster and cheaper bitcoin transactions".

"I cannot think of a better company to merge with than Arcane. By becoming an integrated part of Arcane Crypto we will get access to a larger pool of resources and our infrastructure in Trijo could be utilized by the whole Arcane Group in entirely new ways" says CEO of Ijort Invest AB Totte Löfström, "We are really looking forward to further accelerate our growth and expanding our product offering based on this full integration with Arcane Crypto".

About Trijo:

Trijo is currently the only Swedish-based real-time cryptocurrency exchange and is registered with the Swedish Financial Supervisory Authority. Trijo provides a simple and secure onboarding process to buy and sell cryptocurrency by, amongst other factors, leveraging BankID for identification and log in. Trijo enables entry-level individuals access to buying and selling cryptocurrencies in an easy to use manner via SEPA transfers and card payments. Trijo is currently offering an in-browser version only, but is in the process of developing an app to be launched in due course.

There are currently around 7,000 KYCed customers on the platform, and the growth is acelerating. The total trading volume in Q1 2021 was EUR 4.4 million, up from EUR 1.1 for Q1 2020 and Trijo added 4,600 new customers in Q1 2021, up from 1,100 for Q1 2020. This implies a growth of almost 300 percent in trading volume as well as a more than 300 percent growth in the number of new customers.

Trijo is currently offering trading pairs in BTC, ETH and LTC vs. EUR. Going forward Trijo has, amongst other plans, a strategy to develop and offer lending and savings products related to crypto currencies.

Trijo also operates the news site Trijo News which is managed independently from the cryptocurrecy exchange business.

For further information about Trijo Exchange https://trijo.co/ and Trijo News https://news.trijo.co/.

The Transaction:

The purchase price is based on a SEK 50 million valuation of Trijo on a 100 percent basis. The purchase price will be settled by issuance of a total of 121,836,734 new shares in Arcane Crypto to the sellers (the "Consideration Shares") at a subscription price of SEK 0.2695 per share, equal to the closing price of Arcane Crypto's share on Nasdaq First North Growth Market on the Business Day immediately prior to signing. The issue of the Consideration Shares corresponds to a dilution of approximately 1.5 percent of the total number of shares in Arcane Crypto. The Consideration Shares will be subject to lock-up restrictions vesting with 1/3 on 1 January 2021, 1/3 on the date 18 months after closing of the transaction and 1/3 on the date 24 months after closing of the transaction. It is contemplated that the Consideration Shares will be issued by the Board under either current authorization or an authorization granted by the Annual General Meeting to be held on 21 May 2021. Closing of the Transaction is inter alia conditional upon customary regulatory approval of Arcane Crypto as owner of Ijort Invest AB.

This information is information that Arcane Crypto is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the below contact person, for publication on 20 April 2021 at 12:45 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

e-mail: post@arcanecrypto.se

web: investor.arcanecrypto.se

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research leg.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

2022-03-01

Puremarkets Limited ("Puremarkets" branded as Pure Digital), ett bolag där Arcane Crypto AB ("Arcane") äger 37,5% av aktierna, offentliggör idag ett samarbete med Copa Fin Ltd. (handlas som "Cobalt"), en leverantör av FX och risker för digitala tillgångar samt settlement infrastruktur, för att utveckla nästa generations kredit- och efterhandelslösningar för marknaden.

2022-03-01

Puremarkets Limited ("Puremarkets" branded as Pure Digital), a company where Arcane Crypto AB ("Arcane") holds 37.5%, today announced their partnership with Copa Fin Ltd. (trading as Cobalt), a provider of FX and digital asset risk and settlement infrastructure, to bring next-generation credit and post-trade solutions to market.

2022-02-25
Regulatory

The fourth quarter of 2021 (compared to the fourth quarter of 2020)

· Group revenue increased to 148,930 kSEK (1,224)

· EBITDA amounted to -3,383 kSEK (-10,358)

· EBIT amounted to -11,737 kSEK (-10,373)

· The result for the period amounted to -12,568 (-9,533)

· Earnings per share before dilution amounted to SEK -0.002 (-0.018)

· Earnings per share after dilution amounted to SEK -0.001 (-0.018)

Full year 2021 (compared to full year 2020)

· Group revenue increased to 332,625 kSEK (2,103)

· EBITDA amounted to -21,969 kSEK (-17,812)

· EBIT amounted to -33,468 kSEK (-17,878)

· The result for the period amounted to -163;440 kSEK (-16,876)

· Adjusted result for the period amounted to -36,487 kSEK (-16,876)

· Earnings per share before dilution amounted to SEK -0.021 SEK (-0.031)

· Earnings per share after dilution amounted to SEK -0.019 SEK (-0.031)

2022-02-18

Arcane Crypto bjuder härmed investerare, analytiker och media till en webcastpresentation av VD Torbjørn Bull Jenssen i samband med att bolagets delårsrapport för fjärde kvartalet 2021 publiceras. Webbsändningen kommer att hållas fredagen 25 februari 2022 kl. 10:00.

2022-02-18

Arcane Crypto hereby invites investors, analysts and media to a webcast presentation by CEO Torbjørn Bull Jenssen in connection with the release of the company's interim report for the fourth quarter 2021. The webcast will be held on Friday, February 25, 2022 at 10:00 CET.

2022-02-01
Regulatorisk

Stockholm, 1 februari 2022

Anna Svahn, som sedan januari 2021 är styrelseledamot i Arcane Crypto AB, har meddelat Arcane Crypto AB att hon tyvärr kommer att behöva lämna styrelsen på grund av andra professionella åtaganden.

2022-02-01
Regulatory

Stockholm, February 1, 2022

Anna Svahn, who has served on the board of Arcane Crypto AB since January 2021 has informed Arcane Crypto AB that she, unfortunately, will have to resign from the board due to other professional obligations.

2022-01-13

Arcane Crypto AB:s (publ) helägda dotterbolag Kaupang Krypto AS har ingått ett samarbete med NFT AS och kuratorn Sam Farao för att förenkla förvärv av Bjarne Melgaards första kryptokonstsamling "The Lightbulb Man".

2022-01-13

Arcane Crypto AB's (publ) wholly-owned subsidiary Kaupang Krypto AS has entered into a collaboration with NFT AS and curator Sam Farao, to facilitate acquisitions of Bjarne Melgaard's first crypto art collection The Lightbulb Man.

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