24SevenOffice
Done.ai Group AB completes first closing in acquisition of Huddlestock's Investment-as-a-Service platform
As part of this first closing of the Transaction, Done.ai has taken over ownership of Huddlestock AB and Huddlestock Technologies AB, in accordance with the planned transaction timeline, and completed the settlement of MNOK 10 in cash and MNOK 56 as a seller's credit note (the "Seller's credit").
The second and final closing, including the transfer of ownership of Huddlestock Investor Services AS ("HIS"), will occur upon approval from the Norwegian Financial Supervisory Authority (Finanstilsynet). Following the final closing the Transaction the Seller's credit will be increased to approximately MNOK 71.
The Seller's Credit is convertible into shares in Done.ai by 15 August 2025.
For further details, please refer to the initial announcement.
| Datum | 2025-04-24, kl 11:10 |
| Källa | Cision |
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