Huddlestock Fintech

M&A Activity • Aug 25, 2025

Huddlestock receives 886 588 Done.ai shares completing the divestment of its Nordic IaaS Platform with increased financial flexibility

Huddlestock receives 886 588 Done.ai shares completing the divestment of its Nordic IaaS Platform with increased financial flexibility

25.8.2025 12:40:56 CEST | Huddlestock Fintech AS | Non-regulatory press releases

Reference is made to the stock exchange announcement made by Huddlestock Fintech

AS ("Huddlestock" or the "Company") on 14 April 2025 regarding the transaction

agreement with Done.ai - http://done.ai Group AB ("Done.ai - http://done.ai"),

listed on Nasdaq First North Growth Market, whereby Done.ai - http://done.ai

acquires Huddlestock's Nordic Investment-as-a-Service ("IaaS") platform (the

"Transaction").

Huddlestock is pleased to announce that it has today received 886 588 shares in

Done.ai - http://done.ai, marking the final step of the Transaction. In total, 4

647 608 shares have been received in the Transaction which at current market

rates are valued at approximately NOK 50.3 million corresponding to around 25

percent of Huddlestock's market capitalization.

"The completion of this transaction marks a pivotal moment the reshaping of

Huddlestock," says Leif Arnold Thomas, CEO of Huddlestock Fintech. "With

increased financial flexibility, we are now fully focused on executing our

asset-light, partner-driven Investment-as-a-Service strategy in Europe while

developing our profitable consulting business. With the final Done.ai -

http://done.ai shares received, we are eager to complete the process by

distributing 20 percent of these shares to our shareholders, recognizing their

continued support."

The shares were received following the conversion of a NOK 13 million seller's

credit note (the "Seller's credit") issued in connection with the transfer of

Huddlestock Investor Services AS to Done.ai - http://done.ai, upon approval from

the Norwegian Financial Supervisory Authority. The Seller's credit was converted

into Done.ai - http://done.ai shares at a share price of SEK 14, based on a

foreign exchange rate of 0.94374.

Of the total 4 647 608 shares received in the Transaction, 20 percent will be

distributed to Huddlestock's shareholders. The distribution is expected to be

resolved and completed by the start of the fourth quarter of 2025, with more

details to be disclosed in a separate notice in due course. Said notice will

include a specific timetable for the distribution, including information on Ex

Date for the Huddlestock shares without such dividend right.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982

15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its

Investment-as-a-service offering, with full operational service support and a

leading financial Consultancy services business. We deliver innovative and

sustainable technology and operational solutions to companies offering financial

products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/18630087/6368/Download%20announce

ment%20as%20PDF.pdf