Hilbert Group AB (publ) has Carried out a Directed Issue of SEK 20 Million
Summary
This part has been resolved by the Board of Directors subject to approval by an extraordinary general meeting (the "EGM") which will take place on October 18, 2024.Hilbert Groups CEO Niclas Sandstr\xf6m comments: "With the launch of the Xapo Bank partnership and a $175 million initial seed, along with the upcoming COIN360.com revamp with ditto subscription revenue, Hilbert is on a clear path to profitability. Since he is member of the board of Hilbert Group his subscription is governed by the so called Lex Leo (Chapter 16 of the Swedish Companies Act) which means that this part of the Directed Issue will be resolved separately at an EGM. If it were even possible to buy such guarantee, the terms would - to the detriment of all shareholders - include a significant discount in relation to the current share price combined with higher transaction costs. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.