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)

Bulletin from Annual General Meeting in Arcane Crypto AB

At today's Annual General Meeting in Arcane Crypto AB, Reg. No. 556668-3933 (the "company"), the resolutions presented below were passed. All resolutions were made in accordance with submitted proposals, which are described in detail in the meeting documents available on the company's website, investor.arcanecrypto.se.

The Annual General Meeting resolved on:

· Adoption of the income statement and the balance sheet, as well as of the consolidated income statement and the consolidated balance sheet for 2020.

· Appropriation of the company's results in accordance with the Board of Directors' proposal, meaning no dividend is paid for the financial year 2020 and the result of the year is carried forward.

· Discharge from liability for the Board of Directors and Managing Director.

· That the Board of Directors shall consist of four Board members.

· An annual fee to the Board of Directors of SEK 350,000 to the Chairman of the Board and SEK 175,000 to each of the other Board members elected by the Annual General Meeting who are not employed by the company and fee to the auditor as per approved invoice.

· Re-election of the Board members Jonatan Raknes, Kristian Kierkegaard, Viggo Leisner and Anna Svan.

· Re-election of Jonatan Raknes as Chairman of the Board.

· New election of RSM Stockholm AB as auditor with Karl-Henrik Westlund as auditor in charge.

· Adoption of incentive program 2021 ("LTI 2021") and issue of warrants and employee stock options in accordance with the Board of Directors' proposal, meaning an issue of no more than 28,519,862 warrants to be transferred to employees, including Managing Director and senior executives, within Arcane Crypto in Sweden and no more than 169,761,090 employee stock options to be transferred to employees, including Managing Director and senior executives, within Arcane Crypto in United Kingdom and Norway. Transfer of the warrants shall be made at a price corresponding to the market value according to Black & Scholes valuation model while transfer of the employee stock options shall be made without consideration. Each (1) option entitles the holder to subscribe for or acquire one (1) share in the company during the period commencing on 12 August 2024 up to and including 12 October 2024 at a subscription price or an exercise price corresponding to 130 percent of the volume-weighted average price of the company's share on Nasdaq First North Growth Market during the period commencing on 24 May 2021 up to and including 4 June 2021.

· Adoption of a Nomination Committee and instructions for the Nomination Committee.

· Authorization for the Board of Directors, during the period up to the next Annual General Meeting, to resolve upon new issues of shares, warrants and/or convertible instruments, with or without deviation from the shareholders' preferential rights. The total number of shares warrants and/or convertible instruments that are issued based on the authorization may correspond to at most twenty five (25) percent of the total number of shares in the company at the time of resolution based on the authorization. Payment may, in addition to cash payment, be made in kind or by set-off, or otherwise with conditions.

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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