Arcane Crypto resolves on a directed set-off issue of MSEK 1.62
The Board of Directors of Arcane Crypto AB ("Arcane" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on a directed set-off issue of no more than 9,215,845 shares at a subscription price of approximately SEK 0.1758 per share, corresponding to issue proceeds of MSEK 1.62. The issue is, with deviation from the shareholders' preferential rights, directed to Dividend Sweden AB (publ) and Crafoord Capital Partners AB and is paid by offsetting previously raised loans.
The reason for the deviation from the shareholders' preferential rights is that the subscribers have the right to set off their claims against the Company that have arisen due to a loan agreement of MSEK 1.62 (including accrued interest) entered into with the Company on 30 September 2020. In light of the creditors' claims against the Company, the Board of Directors believes that the Company's financial position will be strengthened by set-off and that the payment of the newly issued shares can advantageously be made by set-off.
The subscription price per share amounts to approximately SEK 0.1758 and has been set in accordance with the loan agreement, which means that 9,215,845 shares will be issued. The subscription price has been determined based on the lowest daily volume-weighted average price of the Company's share on Nasdaq First North Growth Market for the 20 business days immediately preceding the date of the resolution of the issue, with a deduction for a discount of ten percent and is deemed market-based. Dividend Sweden AB (publ) shall have the right to subscribe for 6,143,897 shares and Crafoord Capital Partners AB shall have the right to subscribe for 3,071,948 shares.
The issue corresponds to issue proceeds of approximately MSEK 1.62. Through the issue, the number of shares increases by a total of 9,215,845 shares, from 8,053,722,316 to 8,062,938,161 and the share capital by approximately SEK 33,626.08, from SEK 29,385,808.701371 to SEK 29,419,434,774827, corresponding to a dilution of approximately 0.11 percent. Dividend Sweden AB (publ) and Crafoord Capital Partners AB have subscribed for all shares in the issue.
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: [email protected]
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.
Arcane Cryptos kryptobörs Trijo lanserar tjänsten Trijo Autopilot - ett automatiskt sparande i kryptovalutor
Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) har idag som första svenska aktör lanserat en färdigutvecklad tjänst för automatiskt sparande i bitcoin, ethereum och litecoin. Tjänsten Trijo Autopilot är nästa steg i Trijos ambition att tillgängliggöra sparande i kryptovalutor på den svenska marknaden.
Arcane Crypto's cryptocurrency exchange Trijo launches Trijo Autopilot - a service for automatic saving in cryptocurrencies
Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Ijort Invest AB (Trijo) has today launched a service for automatic saving in bitcoin, ethereum and litecoin - becoming the first Swedish player to do so. The service Trijo Autopilot is the next step in delivering on Trijo's ambition to make savings in cryptocurrencies more available on the Swedish market.
Stockholm, 14 september 2021 - Arcane Cryptos Londonbaserade intressebolag, Puremarkets Limited (Pure Digital), i vilket Arcane äger 37,5%, tillkännager i dag ett lyckat genomförande av ett handelstest på sin wholesale-handelsplattform för digitala valutor.
Stockholm September 14, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announces the successful execution of a live test trade on its wholesale digital currency trading platform.
Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Kaupang Krypto AS har lanserat en färdigutvecklad tjänst för automatiskt sparande i alla tillgängliga kryptovalutor på plattformen. Tjänsten är högt efterfrågad bland Kaupangs kunder och hjälper till att minimera tidsrisk och administration genom automatiska köpordrar.
Arcane Crypto's cryptocurrency broker Kaupang launches service for automatic saving in cryptocurrencies
Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Kaupang Krypto AS has today launched a service for automatic saving in all cryptocurrencies available on the platform. The automatic savings function is a highly demanded solution among Kaupang's customers and will help clients mitigate timing risk and eliminate the need to repetitively place orders.
Stockholm, September 8, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the Company's subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.
Arcane Crypto resolves on a directed issue of 300,925,294 new units, raising proceeds of approximately SEK 61 million
The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on and carried out a directed issue of 300,925,294 units (the "Directed Issue") to a group of qualified investors with a proven interest in Arcane Crypto and the crypto currency sector. Each unit consists of one (1) share and one (1) warrant of series 2021:5. The subscription price of the units in the Directed Issue amounts to SEK 0.203 per unit, corresponding to a subscription price of SEK 0.203 per share. The warrants were issued free of charge. Each (1) warrant of series 2021:5 entitles the holder to subscribe for one (1) newly issued share in the Company during the period commencing 1 September 2021 up to and including 28 February 2022. The subscription price per share exercised through a warrant of series 2021:5 is SEK 0.2436. Through the Directed Issue Arcane Crypto will receive proceeds amounting to approximately SEK 61.1 million before deduction of transaction costs. Upon full exercise of the warrants of series 2021:5, Arcane Crypto will receive proceeds amounting to approximately an additional SEK 73.3 million.
Second quarter of 2021 (compared to second quarter 2020)
- Group revenue increased to 100,372 kSEK (190)
- EBITDA was -1,484 kSEK (-1,472)
- The result for the period was -7,056 (-1,617)
- Adjusted result for the period was -7,056 (-1,617)
- Earnings per share before dilution were SEK -0.001 (-0.003)
- Earnings per share after dilution were SEK -0.001 (-0.003)
First half year 2021 (compared to first half year 2020)
- Group revenue increased to 102,529 kSEK (308)
- EBITDA was -12,527 kSEK (-4,369)
- The result for the period was -143,106* (-4,510)
- Adjusted result for the period was -16,153 (-4,510)
- Earnings per share before dilution were SEK -0.019 (-0.008)
- Earnings per share after dilution were SEK -0.017 (-0.008)
Stockholm den 9 augusti 2021 - Arcane Crypto meddelar idag att bolaget kommer att ingå i Melanion BTC Equities Universe UCITS ETF. Den 4 augusti offentliggjorde Melanion Capital avsikten att notera ETF:en på Euronext i Paris och att den har erhållit godkännande från den franska finansmarknadsmyndigheten (AMF).
Stockholm, August 9, 2021 - Arcane Crypto today informs that the company will be included in the Melanion BTC Equities Universe UCITS ETF. On August 4, Melanion Capital announced the intention to list the ETF on Euronext in Paris and that it has received necessary approval from the French Financial Markets Authority (AMF).
Arcane Crypto hereby invites investors, analysts and media to a webcast presentation by CEO Torbjørn Bull Jenssen in connection with the release of the company's interim report for the second quarter 2021. The webcast will be held on Friday 13 August 2021 at 10:00 a.m. CET.
Stockholm den 30 juli 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) inleder ett samarbete med betaltjänstsföretaget Trustly. Betalningslösningen kommer att lanseras på Trijos plattform inom de närmaste dagarna. Därmed blir Trijo den första kryptobörsen att erbjuda Trustly som betalningsalternativ i Europa.
Stockholm, July 30, 2021 - Arcane Crypto announces a collaboration between its fully owned subsidiary Ijort Invest AB (Trijo) and the payment service provider Trustly. The option to deposit money through Trustly will be implemented on Trijo's platform in the next few days. This makes Trijo the first cryptocurrency exchange to offer its clients Trustly as a payment option in Europe.
Stockholm, den 29 juli 2021 - Arcane Crypto kommer från och med den 2 augusti 2021 att inkluderas i CoinShares Elwood Global Blockchain Index. Beslutet följer efter att CoinShares gör bedömningen att Arcane Crypto uppfyller indexets kriteria.
Stockholm, July 29, 2021 - Arcane Crypto today announces that the company will be included in CoinShares Elwood Global Blockchain Index as of August 2, 2021. The decision follows an assessment by CoinShare of Arcane Crypto's activities against the Elwood Blockchain Global Equity Index's criteria.
Arcane Crypto AB