Arcane Crypto has entered into a term sheet with Lucerne Capital Management and Klein Invest AS regarding an investment of approximately USD 6 million in Arcane Crypto

Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, 16 February 2021, signed a non-binding term sheet with two potential investors, with the following key terms.

Under the term sheet Lucerne Capital Management, L.P is to invest approximately USD 4 million and Klein Invest AS, a company controlled by Morten Klein, is to invest approximately USD 2 million through a directed share issue at the price of SEK 0.50 per share. In addition, Lucerne Capital Management, L.P is to obtain warrants to invest another USD 2 million and Klein Invest AS is to obtain warrants to invest another USD 1 million in the Company at the price of SEK 0.50 per share within 12 months of the issue of the warrants.

The subscription price for the shares in the issue approximately represents the volume weighted average price of trading on 15 February 2021 and has been determined through negotiation with the investors.

The transaction is conditional upon (i) a board resolution by the Company's board of directors, (ii) the Company appointing a transaction manager, (iii) the investors entering into subscription agreements with the transaction manager, (iv) the parties being able to carry out the transaction in compliance with all applicable laws, including the laws of the US, and (v) that the transaction can be made on a private placement basis and that no registration of a prospectus or similar, nor any approval, is required or advisable in relation to the transaction in the United States, Norway or Sweden or any other jurisdiction. Final documentation regarding the transaction is expected to be signed and completed as soon as practically possible.

This information is information that Arcane Crypto is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the below contact person, for publication on February 16, 2021 at 8:45 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: [email protected]
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: [email protected], web: www.mangold.se.

Inbjudan till presentation av Arcane Cryptos delårsrapport Q2 2022

Arcane Crypto bjuder härmed investerare, analytiker och media till en webcastpresentation som hålls av VD Torbjørn Bull Jenssen i samband med att bolagets delårsrapport för andra kvartalet 2022 publiceras. Webbsändningen kommer att hållas tisdagen 23 augusti 2022 klockan 10:00.


Invitation to presentation of Arcane Cryptos Q2 2022 Interim Report

Arcane Crypto hereby invites investors, analysts and media to a webcast presentation hosted by CEO Torbjørn Bull Jenssen in connection to the publication of the companys Interim Report for the second quarter 2022. The webcast will be held on Tuesday August 23, 2022 at 10:00 CET.







Arcane Crypto publishes Interim Report for Q1 2022

First quarter of 2022
- compared to first quarter 2021 -

  • Group revenue increased to 105,865 kSEK (2,157)
  • EBITDA amounted to -2,124 kSEK (-11,043)
  • EBIT amounted to -8,835 kSEK (-11,079)
  • The result for the period amounted to -10,178 kSEK (-136,050)
  • Adjusted result for the period amounted to -10,178 kSEK (-9,097)
  • Earnings per share before dilution amounted to SEK -0.001 (-0.017)
  • Earnings per share after dilution amounted to SEK -0.001 (-0.016)

Arcane Research offentliggör avtal med Nexo för att tillhandahålla analystjänster

Arcane Research, ett affärsområde inom Arcane Crypto, offentliggör idag ett avtal gällande analys med Nexo, en av världens ledande institutioner inom digitala tillgångar. Arcane Research kommer producera analys för båda Nexos kundgrupper - retail och premium - och distribuera analys på veckobasis.


Arcane announces agreement with Nexo to provide research services

Arcane Research, a division of Arcane Crypto, today announced a research agreement with Nexo, one of the world's leading digital asset institutions. Arcane Research will produce research for both of Nexo's client groups - retail and premium - and distribute the crypto research on a weekly basis.


Inbjudan till presentation av Arcane Cryptos delårsrapport Q1 2022

Arcane Crypto bjuder härmed investerare, analytiker och media till en webcastpresentation som hålls av VD Torbjørn Bull Jenssen i samband med att bolagets delårsrapport för första kvartalet 2022 publiceras. Webbsändningen kommer att hållas tisdagen 10 maj 2022 klockan 10:00.


Invitation to presentation of Arcane Crypto's Q1 2022 Interim Report

Arcane Crypto hereby invites investors, analysts and media to a webcast presentation hosted by CEO Torbjørn Bull Jenssen in connection to the publication of the company's Interim Report for the first quarter 2022. The webcast will be held on Tuesday May 10, 2022 at 10:00 CEST.








Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Nybrogatan 34
Box 5216
102 45 Stockholm

08-692 21 90

Om beQuoted