Huddlestock Fintech

Share Issue/Capital Change • Dec 22, 2023

Share capital increase by debt conversion

Share capital increase by debt conversion

22.12.2023 16:12:41 CET | Huddlestock Fintech AS | Total number of voting rights

and capital

Stavanger, Norway, 22 December 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED

STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR

DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER

OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Huddlestock

Fintech AS ("Huddlestock" or the "Company") on 23 November 2023, regarding the

minutes from an Extraordinary General Meeting, where the board was granted

authorization to resolve a capital increase of up to NOK 133,000, at a price

between NOK 1.20 and NOK 12.00 (the "Authorization"). The Authorization was

registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret) on 11 December 2023.

The board has, based on and in accordance with the Authorization, resolved a

capital increase through conversion of debt by issuance of 6,162,076 new shares

(the "Conversion Shares") in the Company, with a total subscription amount of

NOK 13,561,755.80 (the "Debt Conversion"), from the following three companies:

* Devity AS; 1,113,333 Conversion Shares at a price of NOK 1.20

* Bricknode Holding AB; 3,800,000 Conversion Shares at a price of NOK 2.60

* Colibri Invest AS; 1,248,743 Conversion Shares at a price of NOK 1.878494

The debt to Devity AS, previously Huddlestock Solutions AS, occurred due to

Huddlestock´s obligation of issuing vested incentive shares as set out in stock

report of 9 May 2022.

The debt to Bricknode Holding AB being converted is a part of the Seller´s

Credit to Bricknode Holding AB as set out in stock report of 15 March 2023.

The debt to Colibri Invest AS is a short-term loan granted to Huddlestock now

being converted to a conversion price agreed with Colibri Invest AS when such

loan was granted.

Completion of the Debt Conversion is subject to registration of the share

capital increase pertaining to the Debt Conversion with the Norwegian Register

of Business Enterprises.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* John E. Skajem, Chief Executive Officer, Huddlestock Fintech, +47 418 87 412,

john.skajem@huddlestock.com

* Leif Arnold Thomas, Chief Corporate Development, Huddlestock Fintech -

Corporate Development, +47 982 15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock Fintech is an innovative technology software provider with a leading

expert professional services business. We deliver innovative and sustainable

technology solutions to the capital markets, treasury and wealth management

industries.

Through its technology offering, Huddlestock offers an innovative, compliant,

and data-centric WealthTech SaaS, accelerating the digital transformation, and

trends of hyper-personalization and on-demand banking within the wealth

management industry. Huddlestock's SaaS empowers the embedding of low-cost,

efficient white-label trading and investment services, underpinning

Huddlestock's mission of delivering financial inclusion by democratizing access

to capital markets.

Through its world-class expert professional services business, Huddlestock

delivers strategic technology solutions and process automation for the financial

services industry. This range of services has propelled Huddlestock into

becoming the preferred supplier of financial consultancy services and technology

solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext

Growth Market 26th November 2020, as Norway's first fintech company to be

publicly traded.

For more information, please visit www.huddlestock.com -

http://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2828/3941/Download%20announcement

%20as%20PDF.pdf