Huddlestock Fintech — M&A Activity 2025

Apr 24, 2025

Huddlestock announce first closing of transaction with Done.ai

Huddlestock announce first closing of transaction with Done.ai

24.4.2025 11:10:01 CEST | Huddlestock Fintech AS | Additional regulated

information required to be disclosed under the laws of a member state

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 entered into 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 will acquire Huddlestock's Nordic Investment-as-a-Service

("IaaS") platform (the "Transaction").

The first closing of the Transaction is today completed in accordance with the

planned timeline, whereby Done.ai - http://done.ai has taken over the ownership

of Huddlestock AB and Huddlestock Technologies AB and has completed the

settlement of NOK 10 million in cash and NOK 56 million as a seller's credit

note (the "Seller's credit").

The second and final closing, including the transfer of ownership of Huddlestock

Investor Services AS ("HIS"), will occur upon approval from the Norwegian

Financial Supervisory Authority (Finanstilsynet). Following the final closing

the Transaction the Seller's credit will be increased to NOK 71 million.

The Seller's Credit is convertible into shares in Done.ai - http://done.ai by 15

August 2025.

For further details, see stock exchange announcement:

https://newsweb.oslobors.no/message/643707

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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/17848032/18502845/5969/Download%20announce

ment%20as%20PDF.pdf