DGAP-News: The NAGA Group AG
/ Key word(s): Corporate Action
- Naga has decided on a 10% capital increase with total proceeds of approximately EUR 22.7 million. - Apeiron with Elevat3 venture strategy will acquire shares from Fosun and other existing shareholders to hold approx. 22% in NAGA - NAGA on track for 100% revenue growth in 2021 - Growth to be accelerated by additional financing Hamburg, 16 September 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for trading, cryptocurrencies and payments NAGA.com, announces its largest equity financing round to date and welcomes Apeiron Investment Group Ltd, the private investment company of entrepreneur and investor Christian Angermayer, and Igor Lychagov, founder of Exness (one of the world's largest brokerage firms with a monthly trading volume of USD 1 trillion) as new strategic and long-term investors. Hauck & Aufhäuser acted as sole bookrunner in the transaction. In addition to participating in the capital increase, Apeiron has entered into a share purchase agreement with its Elevat3 strategy, operating in partnership with Peter Thiel's Founders Fund, to purchase a block of shares from FOSUN Group and is in negotiations to acquire additional shares from other shareholders. These transactions are subject to regulatory approvals. In total and upon full completion, Apeiron is targeting a stake of approximately 22% in NAGA.
Following the strategic investment, the Supervisory Board is to be increased from four to five members at the upcoming Annual General Meeting. The company will propose to elect Christian Angermayer as a new member of the Supervisory Board. In order to be able to add this agenda item to the upcoming Annual General Meeting, the date of the Annual General Meeting was postponed from September 23, 2021 to October 11, 2021.
Christian Angermayer comments: "NAGA is one of the fastest growing neo-brokers in the world. The company has impressively proven that combining social media, investments, cryptocurrencies and payments on one platform attracts a new generation of investors who are used to a simple user experience and all services just a tap away. This retail investment market is growing rapidly and offers tremendous potential. I am very much looking forward to working with the founders, the board, Igor and Fosun." NAGA also announces its new investor relations website. At https://www.group.naga.com, the company will provide investors with detailed information about the company and its performance, as well as regular company presentations, trading updates and videos. ###
NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company's proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical Mastercard. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an enhanced foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.
16.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | The NAGA Group AG |
Hohe Bleichen 12 | |
20354 Hamburg | |
Germany | |
E-mail: | info@naga.com |
Internet: | www.naga.com |
ISIN: | DE000A161NR7 |
WKN: | A161NR |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1234098 |
End of News | DGAP News Service |
1234098 16.09.2021