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 Arcane Crypto's Extraordinary General Meeting on 9 December 2021

At the Extraordinary General Meeting in Arcane Crypto AB ("Arcane Crypto" or the "Company") on 9 December 2021, which has been conducted solely through postal voting in advance pursuant to temporary legislation, the resolutions presented below were passed. All resolutions were in accordance with submitted proposals, which are described in detail in the meeting documents available on the Company's website, investor.arcanecrypto.se.

Determination of fees to the Board members
It was resolved that remuneration to the Chairman of the Board shall be SEK 400,000 on an annual basis and that remuneration to the other Board members elected by the general meeting and not employed by the Company shall be SEK 175,000 each on an annual basis, in accordance with the resolution on the Annual General Meeting held 21 May 2021.

Election of Board members
Michael Jackson and Sïmon Saneback were elected new members of the Board for the period until the end of the Annual General Meeting 2022. Further, Michael Jackson was elected Chairman of the Board.

Resolution on revision of LTI 2021
It was resolved to approve revisions of the incentive program adopted by the Annual General Meeting held 21 May 2021 ("Revised LTI 2021"). The participants who according to the resolutions of the Annual General Meeting held on 21 May 2021 were entitled to warrants of Series 1 are, after the revision, entitled to Series 1 employee stock options. Further, in order to enable new key employees to participate in the program, Revised LTI 2021 was expanded so both Swedish and non-Swedish employees can participate. The purpose of revising the program was to create conditions for maintaining and increasing the motivation of senior executives, employees and other key personnel. Adjustments to the program have been made to better fulfil the program's original purpose, to permit new key personnel to participate in the program and to enable that the duration of the program, after completed revisions, remains three years. Revised LTI 2021 does not affect participants or employee stock options of Series 2 established at the Annual General Meeting held on 21 May 2021.

The participants' right to acquire employee stock options have been allocated with reference to position, responsibility and working performance in the group to participants including Senior Executives, Team Leaders and other employees and key individuals. The right to receive employee stock options belongs to both Swedish and non-Swedish employees. The employee stock options will be granted to the participants without consideration. Each employee stock option entitles the holder to acquire one (1) share in the Company during the period commencing on 1 January 2025 up to and including 28 February 2025 at an exercise price of SEK 0.2, which corresponds to the exercise price for employee stock options of Series 2.

As a general rule, the employee stock options shall only be available to be exercised if the holder is still an employee within the Company. Depending on the circumstances, the Board of Directors is entitled to make discretionary decisions in accordance with the Revised LTI 2021 terms and conditions.

Further, it was resolved on an issue of a maximum of 52,965,460 warrants to ensure the delivery of shares upon exercise of the employee stock options under the Revised LTI 2021. The right to subscribe for the warrants in the employee stock option program shall be granted to the Company in the purpose of ensuring the delivery of shares under the Revised LTI 2021. Each warrant shall entitle subscription of one (1) share in the Company during the period commencing 1 January 2025 up to and including 28 February 2025 at a subscription price corresponding to SEK 0.2, which correspond to the exercise price for employee stock options of Series 2.

The total number of warrants issued under LTI 2021 (including the Revised LTI 2021) will not exceed the dilution or the costs in LTI 2021, as adopted by the Annual General Meeting held on 21 May 2021.

The Board of Directors of the Company was further authorized to issue warrants to have the option to hedge the Company's exposure against social security costs incurred in connection with the Revised LTI 2021, by way of, to a third party with whom the Company has an agreement, issue warrants which can be exercised to subscribe shares that thereafter are sold at market value.

Resolution on adoption of incentive program for the Chairman of the Board
It was resolved to adopt an incentive program ("LTI 2021:2") for the Chairman of the Board of Directors. Through LTI 2021: 2, stock options will be transferred to the Chairman of the Board. The stock options will vest during the period 1 January 2022 - 31 December 2024; however, the stock options only entitle to acquisition of shares if the Chairman of the Board has retained his position as Chairman of the Board for at least one (1) year for one third (1/3) of the stock options, at least two (2) years for two thirds (2/3) of the stock options and at least three (3) years for all of the stock options. The Chairman of the Board has the right to acquire a maximum of 12,222,798 stock options. Each stock option entitles the Chairman of the Board to acquire one (1) share in the Company.

In order to ensure the delivery of shares when stock options are exercised, it was resolved on an issue of a maximum of 12,222,798 warrants. The right to subscribe for and hold the warrants shall belong to the Company, with the right and obligation to dispose the warrants according to the terms of LTI 2021:2. The warrants are issued to the Company without consideration. Each warrant entitle subscription of one (1) share in the Company during the period commencing 1 January 2025 up to and including 28 February 2025 at an exercise price of SEK 0.20, corresponding to the exercise price in the incentive program LTI 2021 adopted by the Annual General Meeting held 21 May 2021.

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.

2021-12-09
Regulatorisk

Vid extra bolagsstämma i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") den 9 december 2021, som genomförts enbart genom poströstning med stöd av tillfälliga lagregler, fattades nedan angivna beslut. Samtliga beslut var i enlighet med framlagda förslag, vilka beskrivs i detalj i stämmohandlingarna som finns tillgängliga på Bolagets webbplats, investor.arcanecrypto.se.

2021-12-09
Regulatory

At the Extraordinary General Meeting in Arcane Crypto AB ("Arcane Crypto" or the "Company") on 9 December 2021, which has been conducted solely through postal voting in advance pursuant to temporary legislation, the resolutions presented below were passed. All resolutions were in accordance with submitted proposals, which are described in detail in the meeting documents available on the Company's website, investor.arcanecrypto.se.

2021-11-25
Regulatorisk

Styrelsen i Arcane Crypto AB har idag beslutat att godkänna bolagets plan att ansöka om en notering på OTCQB, en handelsplattform i USA som drivs av OTC Markets Group för värdepapper som inte är noterade på en nationell börs. Arcane Crypto kommer därmed att ansöka om notering på OTCQB och räknar med att erhålla ett godkännande under första kvartalet 2022.

2021-11-25
Regulatory

The Board of Arcane Crypto AB have today approved the company's plan to apply for a dual listing on OTCQB, a US trading market operated by OTC Markets Group for securities not listed on a national exchange. Arcane Crypto will apply for admission to trading on OTCQB and expects an approval during the first quarter of 2022.

2021-11-08
Regulatorisk

Aktieägarna i Arcane Crypto AB, org. nr. 556668-3933 ("Arcane Crypto" eller "bolaget"), kallas härmed till extra bolagsstämma att hållas torsdagen den 9 december 2021.

Styrelsen för Arcane Crypto har, i enlighet med lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor, beslutat att stämman ska genomföras enligt ett s.k. poströstningsförfarande. Stämman hålls därmed utan möjlighet för aktieägare att närvara personligen eller genom ombud. Istället kan aktieägare delta vid stämman genom att rösta och lämna in frågor i förväg enligt instruktionerna nedan.

Information om de beslut som har fattats av stämman offentliggörs 9 december 2021 så snart utfallet av poströstningen är slutligt sammanställt.

2021-11-08
Regulatory

The shareholders in Arcane Crypto AB, Reg. No. 556668-3933 ("Arcane Crypto" or the "company"), are hereby summoned to the Extraordinary General Meeting on Thursday, 9 December 2021.

The Board of Directors of Arcane Crypto has resolved that the Extraordinary General Meeting will be held by postal voting only, in accordance with the Act (2020:198) on Temporary Exceptions to Facilitate the Execution of General Meetings in Companies and Other Associations. The Extraordinary General Meeting will therefore be held without the possibility for shareholders to attend in person or through a proxy. Instead, shareholders can participate in the Extraordinary General Meeting by voting and submitting questions in advance pursuant to the instructions described below.

Information about the resolutions passed by the Extraordinary General Meeting will be published on 9 December 2021, as soon as the result of the postal voting has been finally confirmed.

2021-10-29
Regulatory

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

  • Group revenue increased to 81,166 kSEK (571)

  • EBITDA amounted to -6,059 kSEK (-3,085)

  • EBIT amounted to -8,105 kSEK (-3,133)

  • The result for the period amounted to -7,766 kSEK (-2,833)

  • Earnings per share before dilution amounted to -0,001 SEK (-0,005)

  • Earnings per share after dilution amounted to -0,001 SEK (-0,005)

The first nine months of 2021 (compared to the first nine months of 2020)

  • Group revenue increased to 183,555 kSEK (879)

  • EBITDA amounted to -18,586 kSEK (-7,454)

  • EBIT amounted to -21,731 kSEK (-7,505)

  • The result for the period amounted to -150,872 kSEK (-7,343)

  • Adjusted result for the period amounted to -23,919 kSEK (-7,343)

  • Earnings per share before dilution amounted to -0,019 SEK (-0,014)

  • Earnings per share after dilution amounted to -0,018 SEK (-0,014)

2021-10-28
Regulatorisk

Stockholm, 28 oktober 2021 - Ett pressmeddelande med rubriken "Nomineringskommittén föreslår förändringar i Arcane Cryptos styrelse" som distribuerades tidigare idag inkluderade av misstag ett namn på en föreslagen styrelseledamot som inte kommer att föreslås som styrelseledamot. Det rätta offentliggörandet lyder:

Styrelsen i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") har idag mottagit ett förslag från Bolagets nomineringskommitté om att sammankalla en extra bolagsstämma för att besluta om förändringar i Bolagets styrelse. Nomineringskommittén föreslår att Michael Jackson utses till styrelseordförande och att Sïmon Saneback utses till ny styrelseledamot. Jonatan Raksnes kommer att lämna sin position som styrelseordförande och styrelseledamot och Anna Svahn, Kristian Kierkegaard och Viggo Leisner kommer att förbli styrelseledamöter.

2021-10-28
Regulatory

Stockholm, October 29, 2021 - A press release headlined "The Nomination Committee proposes changes within Crypto's Board of Directors" distributed earlier today by mistake included a name of a proposed member of the Board that will not be proposed as member of the Board. The correct announcement follows:

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company) has today received a proposal from the company's Nomination Committee to convene an Extraordinary General Meeting ("EGM") to resolve on changes within the Company's Board of Directors. The Nomination Committee proposes that Michael Jackson is elected as Chairman of the Board and that Sïmon Saneback is elected as a new member of the Board. Jonatan Raknes will resign from his position as Chairman and member of the Board and Anna Svahn, Kristian Kierkegaard and Viggo Leisner will remain as members of the Board.

2021-10-28
Regulatorisk

Stockholm, 28 oktober 2021 - Styrelsen i Arcane Crypto AB ("Arcane Crypto" eller "Bolaget") har idag mottagit ett förslag från Bolagets nomineringskommitté om att sammankalla en extra bolagsstämma för att besluta om förändringar i Bolagets styrelse. Nomineringskommittén föreslår att Michael Jackson utses till styrelseordförande och att Sïmon Saneback och Mikkel Riiber utses till nya styrelseledamöter. Jonatan Raksnes kommer att lämna sin position som styrelseordförande och styrelseledamot och Anna Svahn, Kristian Kierkegaard och Viggo Leisner kommer att förbli styrelseledamöter.

2021-10-28
Regulatory

Stockholm, October 28, 2021 - The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company) has today received a proposal from the Company's Nomination Committee to convene an Extraordinary General Meeting ("EGM") to resolve on changes within the Company's Board of Directors. The Nomination Committee proposes that Michael Jackson is elected as Chairman of the Board and that Sïmon Saneback and Mikkel Riiber are elected as new members of the Board. Jonatan Raknes will resign from his position as Chairman and member of the Board and Anna Svahn, Kristian Kierkegaard and Viggo Leisner will remain as members of the Board.

2021-09-08
Regulatory

Stockholm, September 8, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the Company's subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

2021-08-30
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on and carried out a directed issue of 300,925,294 units (the "Directed Issue") to a group of qualified investors with a proven interest in Arcane Crypto and the crypto currency sector. Each unit consists of one (1) share and one (1) warrant of series 2021:5. The subscription price of the units in the Directed Issue amounts to SEK 0.203 per unit, corresponding to a subscription price of SEK 0.203 per share. The warrants were issued free of charge. Each (1) warrant of series 2021:5 entitles the holder to subscribe for one (1) newly issued share in the Company during the period commencing 1 September 2021 up to and including 28 February 2022. The subscription price per share exercised through a warrant of series 2021:5 is SEK 0.2436. Through the Directed Issue Arcane Crypto will receive proceeds amounting to approximately SEK 61.1 million before deduction of transaction costs. Upon full exercise of the warrants of series 2021:5, Arcane Crypto will receive proceeds amounting to approximately an additional SEK 73.3 million.

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