Arcane Crypto

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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 has entered into a term sheet with Lucerne Capital Management and Klein Invest AS regarding an investment of approximately USD 6 million in Arcane Crypto

Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, 16 February 2021, signed a non-binding term sheet with two potential investors, with the following key terms.

Under the term sheet Lucerne Capital Management, L.P is to invest approximately USD 4 million and Klein Invest AS, a company controlled by Morten Klein, is to invest approximately USD 2 million through a directed share issue at the price of SEK 0.50 per share. In addition, Lucerne Capital Management, L.P is to obtain warrants to invest another USD 2 million and Klein Invest AS is to obtain warrants to invest another USD 1 million in the Company at the price of SEK 0.50 per share within 12 months of the issue of the warrants.

The subscription price for the shares in the issue approximately represents the volume weighted average price of trading on 15 February 2021 and has been determined through negotiation with the investors.

The transaction is conditional upon (i) a board resolution by the Company's board of directors, (ii) the Company appointing a transaction manager, (iii) the investors entering into subscription agreements with the transaction manager, (iv) the parties being able to carry out the transaction in compliance with all applicable laws, including the laws of the US, and (v) that the transaction can be made on a private placement basis and that no registration of a prospectus or similar, nor any approval, is required or advisable in relation to the transaction in the United States, Norway or Sweden or any other jurisdiction. Final documentation regarding the transaction is expected to be signed and completed as soon as practically possible.

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 February 16, 2021 at 8:45 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.

2021-07-30

Stockholm den 30 juli 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) inleder ett samarbete med betaltjänstsföretaget Trustly. Betalningslösningen kommer att lanseras på Trijos plattform inom de närmaste dagarna. Därmed blir Trijo den första kryptobörsen att erbjuda Trustly som betalningsalternativ i Europa.

2021-07-29

Stockholm, den 29 juli 2021 - Arcane Crypto kommer från och med den 2 augusti 2021 att inkluderas i CoinShares Elwood Global Blockchain Index. Beslutet följer efter att CoinShares gör bedömningen att Arcane Crypto uppfyller indexets kriteria.

2021-07-21

Stockholm, July 21, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announced that BNY Mellon has joined the consortium of banks working with the interbank wholesale marketplace to develop a platform to support the entire digital asset life cycle.

2021-07-01

Arcane Crypto AB ("Arcane Crypto" or the "Company") has, on 20 April 2021, announced that the Company's subsidiary Arcane Crypto AS had 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 SEK 32,835,000 is to 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 price of Arcane Crypto's share on Nasdaq First North Growth Market on the Business Day immediately prior to signing. Closing of the transaction and issuance of the Consideration Shares has today been completed through a directed set-off issue of shares.

2021-06-28
Regulatorisk

Arcane Crypto AB's wholly owned subsidiary Arcane Green Data Services AS (under formation, "Arcane Green Data"), has today entered into a lease agreement for hosting capacity for bitcoin miners of up to 2.5 MW (the "Lease Contract"). The signing of the lease contract is a first step in forming a bitcoin mining business unit within Arcane Crypto, branded Arcane Green Data, and in line with Arcane Crypto's strategy to develop and invest in projects focused on bitcoin and digital assets.

2021-06-23
Regulatorisk

Stockholm, June 23, 2021 - Arcane Crypto has today received regulatory approval from the Swedish Financial Supervisory Authority (SFSA) as owners of Ijort Invest AB, which operates the Swedish crypto exchange Trijo. On April 20, 2021, Arcane Crypto entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB. Closing of the transaction is conditioned upon today's approval from SFSA.

2021-06-16

Stockholm, June 16th, 2021 - Arcane Crypto's wholly owned subsidiary Arcane Assets AS has today signed a Letter of Intent with Valour Structured Products Inc. with the intention to explore the issuance and listing of an Exchange-Traded Product (ETP) based on Arcane's cryptocurrency fund. The ETP would be the first to have a cryptocurrency fund as underlying asset and the market provides exciting expansion possibilities for both the Arcane Fund and Valour. The parties are working on a definitive partnership agreement and a plan for issuance and expect these to be completed later this year. The project is in line with Arcane Crypto's overall strategy to develop and invest in projects focused on bitcoin and digital assets.

2021-06-07
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on a directed set-off issue of no more than 9,215,845 shares at a subscription price of approximately SEK 0.1758 per share, corresponding to issue proceeds of MSEK 1.62. The issue is, with deviation from the shareholders' preferential rights, directed to Dividend Sweden AB (publ) and Crafoord Capital Partners AB and is paid by offsetting previously raised loans.

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