Transaction with Blockbonds to be finalized
Company Announcement 53/2021
The Board of Directors of SPENN Technology has decided to move forward with the planned transaction between SPENN Technology A/S (formerly known as NPinvestor.com A/S) and Blockbonds AS.
The transaction is implemented as a share swap by NPinvestor.com’s issuance of new shares to the shareholders of Blockbonds. The shareholders of Blockbonds will swap 1 existing share in Blockbonds with 99 new NPinvestor.com shares.
Pending at least 90 per cent approval from existing Blockbonds shareholders, the BoD was authorized by the General Meeting to finalize the deal. As of 29 April, more than 90 per cent of Blockbonds shareholders approved the share swap, prompting the BoD to move forward.
For further Information, please contact:
Jens B. Glasø, CEO of SPENN Technology A/S, phone +47 40 40 47 50, e-mail: [email protected]
Certified Advisor: Västra Hamnen Corporate Finance AB, phone. + 46 40 200 250, e-mail: [email protected]
SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
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.