ARCANE CRYPTO AB: TRADING UPDATE FROM ARCANE CRYPTO IN RELATION TO NEGOTIATION WITH TWO POTENTIAL INVESTORS
Arcane Crypto has been approached by and is now in negotiation with two potential investors regarding investment in the company. In relation to these negotiations Arcane Crypto AB is hereby releasing a trading update related to Q4 2020 numbers for Arcane Crypto AS and Arcane Crypto AB (at that time Vertical Venture AB (publ)).
Arcane Crypto AB's acquisition of Arcane Crypto AS was completed 11 January 2021, and hence there is no consolidated figures for Arcane Crypto AB (at that time Vertical Venture AB (publ) including Arcane Crypto AS for 2020. Please see the company description released 21 December 2020 (https://investor.arcanecrypto.se/company-description/) and subsequent press releases for further information about Arcane Crypto AS and the effects of the reverse acquisition on Arcane Crypto AB.
Preliminary, unaudited key figures related to Arcane Crypto AS group, not including results from partly owned companies:
Preliminary unaudited key figures related to Arcane Crypto AB (at the time named Vertical Venture AB (publ)) group:
This information is information that Arcane is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact person, for publication on February 16, 2021 at 8:15 CET.
Press release 16 February 2021.
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
The following documents can be retrieved from beQuoted
Arcane Crypto Pressrelease 2021-02-16.pdf
About Arcane Crypto
Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research leg.
Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.