The feedback from the
This condition from the
“The potential investors and advisors have considered this to be a major political risk with regards to Norwegian authorities which is less than the upside of an acquisition of NBX and we have therefore concluded to not move on with a bid on Norwegian Block Exchange AS”, states the chairman Karl-Anders Grønland due to the restrictions on SPENN Technology A/S's opportunity for strategic maneuvering.
SPENN Technology A/S has therefore decided not to continue to investigate the opportunity of making a bid for NBX, as announced on the 22nd of
SPENN Technology A/S and NBX continue their cooperation regarding the strategic partnership, enabling the introduction of SPENN services and products in
For media inquiries or further information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.:
SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com
About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.
SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA.
Ticker codes:
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