Setterwalls assists Whitepearl Holdings Limited in connection with a reverse takeover and change of listing to Nasdaq First North Growth Market

Setterwalls assists Whitepearl Holdings Limited in connection with a reverse takeover and change of listing to Nasdaq First North Growth Market.

In June 2023, DS Plattformen AB (re-named White Pearl Technology Group AB) acquired all shares in Whitepearl Holdings Limited through a so-called reverse takeover against payment of new shares in DS Plattformen AB, following which the shareholders in Whitepearl Holdings Limited became owners of approximately 87 per cent of the shares in DS Plattformen AB. After the acquisition, DS Plattformen AB has changed its name to White Pearl Technology Group AB and since the end of June 2023 the company’s shares of series B are traded on Nasdaq First North Growth Market after a change of listing from NGM Nordic SME. Setterwalls has assisted Whitepearl Holdings Limited in connection with the reverse takeover and the new group White Pearl Technology Group AB in connection with the change of listing.

White Pearl Technology Group comprises 28 active group companies with around 650 employees, operating in the information technology space. The group consist of diversified IT companies, selling their own solutions and products as well as services and products of third-party vendors, and has a presence in thirty countries throughout the world. White Pearl Technology Group helps businesses to implement the digital technology. Experts in the group are working on and developing AI platforms, Blockchain, Big Data and the integration between these technologies and other solutions such as those provided by SAP and Oracle and integrate them to support the client’s business models.