Based on the international operations, growth plans, increased business complexity and valuation of SPENN Technology A/S, the Board of Directors has concluded that the company requires higher attention, international reach and increased capacity from its Certified Advisor. As a result, SPENN Technology A/S has reached an agreement with the company’s current Certified Advisor, Vesthamnen, for the termination of services.
Starting 11.05.2021 Baker Tilly Corporate Finance P/S has been appointed new Certified Advisor for SPENN Technology A/S.
“We are pleased to have secured the services of Baker Tilly Corporate Finance P/S and look forward to continuing the SPENN journey with Baker Tilly Corporate Finance P/S as our Certified Advisor,” says Karl-Anders Grønland, Chairman of the Board of Directors of SPENN Technology A/S.
For more information, please contact:
Jens Glasø, CEO of SPENN Technology A/S, Phone: +47 404 04 750.
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner, Phone: +45 33 45 10 00, www.bakertilly.dk
About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.
SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
Following the purchase of Norwegian fintech company Blockbonds AS, SPENN Technology A/S is in what is referred to as a change of identity process. As such, we are required by Nasdaq to note that failure to conclude such process could mean that the company’s share could be de-listed.