Apr 25, 2023

R.F. Lafferty has agreed to buy warrants issued with an exercise price of DKK 16.0. R.F. Lafferty is selected as placement agent, underwriter and dealer-manager for SPENN Technology.

Investor News 23/08

“We are pleased to have signed an experienced investment bank in the US, following our introduction to the American stock market. We are also pleased to have reached an agreement in which R.F. Lafferty has agreed to buy 1,240,000 million warrants issued with an exercise price of USD $2.36 per share, corresponding to DKK 16 per share, for a total value of DKK 19.85 million,” says Karl-Anders Grønland, Chairman of the Board of Directors of SPENN Technology (SPENN:CPH, SPNNF:OTC US).

“SPENN is a cutting edge fintech growth company with tremendous growth potential. We look forward to working with SPENN and expanding their exposure to the US markets.  We look forward to helping them grow the company in their mission to expand and improve financial inclusion within the financial system. We have invested in SPENN and purchased our warrants with the belief that management is on the right path”, said Richard Kreger, Head of Investment Banking at R.F. Lafferty & Co., Inc. “We believe in financial inclusion for all and the plan SPENN Technology is executing puts us in position to assist SPENN with their strategy”.

Founded in 1946, R.F. Lafferty is an independent, family-owned broker dealer. Since the beginning of the second quarter of 2023, Lafferty has closed more initial public offerings than just about any other boutique American brokerage firm. The company’s current offerings span IPOs, rights offerings, private placements, pre-IPO funding, wealth management, retirement services, capital markets, institutional sales, investment banking, market making and independent research.

R.F. Lafferty will assist SPENN with its strategy to up-list SPENN to NYSE or Nasdaq main market in New York when appropriate. This is something the SPENN administration and Board of Directors are looking forward to.

On Wednesday, April 26, R.F. Lafferty and SPENN Technology will be hosting 1-on-1 meetings with investors and SPENN Technology will present at the Planet MicroCap Showcase 2023 at the Horseshoe Hotel & Casino @ 3645 Las Vegas Boulevard, Las Vegas, Nevada.

ABOUT R.F. LAFFERTY & CO., INC.
R.F. Lafferty is an independent, family-owned broker dealer that provides an exceptional level of experience, continuity in service and true dedication. Founded in 1946, R.F. Lafferty has evolved throughout its history to stay ahead of the ever-changing financial services industry – adhering to a motto of ‘Progressive Thinking, Traditional Values’. As an independent Broker Dealer and Registered Investment Advisor with its own proprietary products, R.F. Lafferty has the ability to choose from a broad range of financial products and services that will best fit the needs of its clients. 

For further Information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50
Certified Adviser: Baker Tilly Corporate Finance P/S. Phone: +4533451000, www.bakertilly.dk

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

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.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

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