Jan 12, 2023

Why a reverse stock split? And an introduction to the OTC marketplace.

With reference to the extraordinary general meeting (EGM) on 25 January 2023, SPENN Technology A/S and OTC Markets Group invite you to learn more about the US OTC marketplace.

Investor News 1/23

The EGM is called with an intention to perform a 100-to-1 reverse stock split of the SPENN share. This implies that 100 SPENN shares are comprised into 1 new SPENN share. Consequently, following the reverse share split, 1 “new” SPENN share will be worth 100 times more.

“A higher valuation per share will enable SPENN to be listed at the OTC main list in New York, which is likely to increase liquidity of the share,” explains Jens Glaso, CEO of SPENN Technology.

After the conclusion of the EGM, representatives from OTC Markets Group will give an introduction to the OTC market in the US. This is an excellent opportunity to gain more insight into this marketplace.

The event will be organized by the SPENN Technology interest group on Facebook. Please visit the group’s page (https://www.facebook.com/groups/451769756383507) to learn more about the event. A link will be provided in a new Investor News release prior to the event.

For further Information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner. Phone: +45 33 45 10 00, www.bakertilly.dk/

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.

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


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