Jungle 21, S.A. (ENXTPA:MLJ21) acquired PINK LAB, S.L. from Germán Silva and others on March 15, 2022. The acquisition will be partly paid in cash and partly in shares of Jungle 21, S.A. The initial price may be adjusted based on Pink's performance from 2022 to 2024. Post-completion, Germán Silva, the founding partner will continue to lead PINK LAB's business and will hold a stake in Jungle 21, S.A.

Jungle 21, S.A. (ENXTPA:MLJ21) completed the acquisition of PINK LAB, S.L. from Germán Silva and others on March 15, 2022.