Goobit Group Announces Completion of Oversubscribed Rights Issue, Raising 9.86 Million SEK

The Rights Issue was subscribed to 81.71% with existing subscription rights. Additionally, applications for 42.73% of the issue volume were received without subscription rights, cumulatively leading to an oversubscription of 124.45%.

"The success of this Rights Issue is a powerful endorsement from our shareholders, and their enthusiastic response, resulting in significant oversubscription, is both humbling and energizing," says Goobit Group’s CEO and founder, Christian Ander. "This capital boost strongly positions us to enhance our role in Bitcoin's evolving role in the global economy and ensures our commitment to robust AML measures, aligning with the highest standards expected by banks and regulators."

The funds raised through this Rights Issue will be deployed to fund operations, accelerate growth, enhance products, add additional payment methods, as well as solidifying the Company’s market position.

Through the Rights Issue, Goobit will receive approximately 9.86 million SEK before deduction for issue costs which amounts to 0.19 million SEK. As a result of the Rights Issue, Goobit’s share capital will increase by 1,409,212.79 SEK, from 1,409,212.79 SEK to 2,818,425.58 SEK, and the number of shares will increase by 140,921,279 shares, from 140,921,279 shares to 281,842,558 shares.

Those who have subscribed to shares without the support of subscription rights will be allocated shares in accordance with the allocation principles stated in the investment memorandum published by Goobit on October 26, 2023. Notification of allocation to those who have subscribed to shares without subscription rights is expected to be distributed on November 15, 2023. Subscribed and allocated shares must be paid in cash within three banking days in accordance with the instructions on the settlement note sent to the subscriber. Investors who have subscribed through a nominee will receive notification of allocation in accordance with their respective nominee’s procedures. Only those who have been allocated shares will be notified.

The last day for trading in paid subscribed shares is expected to be on December 1, 2023. The new shares subscribed with and without the support of subscription rights are expected to be registered with the Swedish Companies Registration Office (Bolagsverket) around November 28, 2023, and the new shares are expected to start trading on the Nasdaq First North Growth Market from December 5, 2023.

Goobit Group extends its sincere appreciation to all its shareholders for their continued trust and support.

Advisors

During the rights issue, the Company enlisted Aktieinvest as its issuing agent, Impala Nordic as its communications advisor, and Advokatfirman Lindahl as its legal advisor.

For further information, please contact:
Christian Ander, CEO, Goobit Group AB
Email: ir@goobit.se

Certified Adviser:
Eminova Fondkommission AB | 08-684 211 10 | adviser@eminova.se

About BTCX | Goobit Group
Goobit AB launched the world's first still operating bitcoin exchange BTCX in 2012. Goobit is Sweden's leading bitcoin company in financial services and education. The company offers exchange services from fiat currencies to bitcoin and has so far exchanged over 2.0 billion SEK. The company's best-known brands are BTCX Express and Standard Bitcoin Exchange (BTCX). In addition to exchange, the company also offers services in anti-money laundering (AML), through AML Desk, and compliance for virtual currencies and digital assets. Goobit Group AB (publ) was registered in 2013 and includes the fully owned subsidiaries Goobit AB, Goobit Blocktech AB and Goobit Exchange AB. Goobit AB services are aimed at private individuals, corporate customers and financial institutions.

For more information, see Goobit's website www.goobit.se