Huddlestock Fintech — Share Issue/Capital Change 2024

Oct 4, 2024

Cancellation of Subsequent Offering

Cancellation of Subsequent Offering

4.10.2024 13:39:47 CEST | Huddlestock Fintech AS | Additional regulated

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

Stavanger, 4 October 2024.

Reference is made to the stock exchange notice published by Huddlestock Fintech

AS (the "Company") on 26 September 2024 regarding the completion of a private

placement of 23,593,166 new shares in the Company at a subscription price of NOK

0.60 per share raising gross proceeds of approximately NOK 14,155,899.60 (the

"Private Placement") and a potential subsequent offering at the same

subscription price as in the Private Placement directed towards eligible

shareholders.

Each investor in the Private Placement was also allocated, without additional

payment, 1 unlisted warrant per Offer Share issued and allocated, having a

strike price of NOK 0.60 exercisable from registration and until the date

falling 12 months thereafter(the "Warrants"). Since the completion of the

Private Placement, the shares in the Company have traded on customary volumes,

below the subscription price in the Private Placement, also having taken the

value of the Warrants into account. Hence, there is only a limited theoretic

economic value in a thought of "repair issue" for the eligible shareholders,

most likely substantially lower than the estimated expenses involved for the

Company in carrying out such repair issue. Based on the above the, Board of

Directors of the Company is of the opinion that the principle of equal treatment

has been sufficiently complied with in connection with the Private Placement and

has therefore decided to cancel the subsequent offering.

*** DISCLOSURE REGULATION

This information is subject to a duty of disclosure pursuant to the Company's

continuing obligations as a company listed on Euronext Growth Oslo and section

5-12 of the Norwegian Securities Trading Act. This information was published by

Leif Arnold Thomas, at Huddlestock Fintech AS on the date and time provided.

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/17848032/18268013/5061/Download%20announce

ment%20as%20PDF.pdf