Arcane enter into an agreement for the sale of 100% of the shares in Trijo
Stockholm, 31 August 2022
Arcane Crypto AS, a fully owned subsidiary of Arcane Crypto AB, has entered into an agreement to sell its Swedish crypto exchange, Ijort Invest AB ("Trijo"), to GreenMerc AB (publ).
The transaction is expected to close during the third quarter of 2022 and will not have a material impact on Arcane's result.
Torbjørn Bull Jenssen, CEO of Arcane Crytpo, said, "With our strategic focus on a pan-European offering, targeting High Net Worth Individuals, Wealth Managers, and the Private Wealth segment, Trijo as a local retail play has become less relevant to Arcane. Selling to Green Merc, secures the continued operation of Trijo, to the benefit of Trijo's loyal customers, and further focus for Arcane to double down on our core strategy.
Arvid Börje Ramberg, CEO of GreenMerc, says, "We are happy to acquire and continue to operate Trijo. GreenMerc's self-developed liquidity engine and marketplace provides the basis for developing GreenMerc's services to deliver maximum customer value. There are strong synergies between Trijo and GreenMerc with no overlapping functions - a perfect match."
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: [email protected]
About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.
Subscribe to press releases and financial information: https://investor.arcanecrypto.se/
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
The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EUs Market Abuse Regulation (MAR). This information was submitted for publication at 19:50 (CEST) on 31 August 2022, through the agency of the CEO.
Arcane Crypto AB announces an operational reorganization, unifying its growing private wealth businesses under a new business unit called K33.
In parallel Arcane has initiated a strategic review of its investment and venture business to exploit current market opportunities.
Third quarter of 2022 (compared to third quarter 2021)
- Group revenue decreased to 52,186 kSEK (81,166)
- EBITDA amounted to -7,336 kSEK (-6,059)
- EBIT amounted to -12,703 kSEK (-8,105)
- The result for the period amounted to -13,290 kSEK (-7,766)
- Earnings per share before dilution amounted to SEK -0.002 (-0.001) and after dilution to SEK -0.001 (-0.001)
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 tredje kvartalet 2022 publiceras. Webbsändningen kommer att hållas tisdagen 8 november 2022 klockan 10:00.
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 third quarter 2022. The webcast will be held on Tuesday November 8, 2022 at 10:00 CET.
Arcane Crypto beslutar om en riktad kvittningsemission av aktier till Bulltech AS som tilläggsköpeskilling för förvärvet av Kaupang Krypto AS
Arcane Crypto resolves on a directed set-off issue of shares to Bulltech AS as an additional consideration for the acquisition of Kaupang Krypto AS
Second quarter of 2022 (compared to second quarter 2021)
- Group revenue decreased to 84,755 kSEK (100,372)
- EBITDA amounted to -20,604 kSEK (-1,484)
- Adjusted EBITDA -9,704 kSEK (-1,484)
- EBIT amounted to -55,740 kSEK (-2,547)
- The result for the period amounted to -56,272 (-7,056)
- Earnings per share before dilution amounted to SEK -0.007 (-0.001), and after dilution to SEK -0.006 (-0.001)
Arcane Crypto AB