NanoCap's holding MyFirstApp Group enters into letter of intent to divest its operations to ObsteCare
Stockholm 2022-10-17
NanoCaps holding MyFirstApp Group has entered into a letter of intent to divest its Ed-tech operations to ObsteCare AB. Indicated purchase price amounts to 22 MSEK of which 9,7 MSEK is to be paid by newly issued shares in ObsteCare at a rate of SEK 0.05 per share and 12,3 MSEK by seller note. An additional purchase price of a maximum of 10 MSEK must be paid to the seller depending on performance over the next 18 months. The additional purchase price is paid 50 percent in the form of shares and 50 percent in cash.
We as shareholders are positive about the proposed transaction and look forward to MyFirstApp being able to develop together with us and other long-term shareholders.
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This press release is a translation from the main language, which is Swedish.
For more information, contact the company at:
Telephone: +46 (0)8-410 59 140
ir(at)nanocapgroup.com
www.nanocapgroup.com
NanoCap Group AB (publ)
NanoCap invests in growth companies, primarily unlisted, as well as develops and launches its own in-house projects. NanoCap employs a strategy to help each individual target company/investment to prepare for a listing in the near future. NanoCap’s approach is to, beside providing support regarding the listing processes, also to be involved in the respective target companies’ business- and strategy development.
