case / 28 Oct 2021

Setterwalls has advised Crunchfish in connection with over-subscribed rights issue

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Setterwalls has advised Crunchfish AB in connection with a rights issue of units, consisting of shares and warrants, that was subscribed to approximately 131 per cent.

Crunchfish is a technical pioneer with solution areas Digital Cash and Gesture Interaction. Digital Cash payments is a two-step payment process, first clearing offline followed by online settlement. Gesture Interaction enable touchless interaction with devices without touching displays or physical buttons. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö and with representation in India.

Through the rights issue, Crunchfish receives initial issue proceeds of approximately SEK 64 million before issue costs. In addition, Crunchfish may receive additional issue proceeds of up to approximately SEK 64 million before issue costs, upon full exercise of all warrants that are issued in the rights issue.

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