The paradigm shift in payments – the theme of Crunchfish’s presention at Aktiedagen Göteborg on Monday, February 6, at 12:15 CET. Joachim Samuelsson, Group CEO at Crunchfish, presents Digital Cash 2.0. Whereas an offline payments protocol may work online, the reverse is not true. Online payments systems are by design only capable of handling online payments. Hence, the underlying protocol for digital payments must be an offline scheme as it supports both offline and online payments.

On February 1st, Crunchfish launched Digital Cash 2.0 to drive a paradigm shift in payments. Watch the interview with Crunchfish CEO Joachim Samuelsson commenting on the announcement via this link. Crunchfish Digital Cash is inspired by the robust, inclusive, and private design philosophies that was developed by the Defense Advanced Research Projects Agency (DARPA) in the 1970s and since has become the basis of the internet as we know it today. It is an incredible robust protocol based on packet switching. Crunchfish Digital Cash is for digital payments what the internet is for digital communications, e.g. survivability in the face of any temporary failures. Watch also Crunchfish CEO elaborate on these ideas on January 27th during an expert panel discussion on “Offline payments for CBDCs and financial inclusion” at the ITU’s DC conference via this link.

Crunchfish presentation will be webcast live and on-demand via Aktiespararna’s youtube channel and aktiespararna.se. The live broadcast will be available at http://www.aktiespararna.se/tv/live. Use the opportunity to ask your questions to the presenter, by sending an SMS to 079-347 98 45 or email event@aktiespararna.se. Your questions will be conveyed by Aktiespararna’s moderator during the Q&A session the follows your presentation. You can submit your questions now or during the presentation. Follow the link for event program.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish CEO Joachim Samuelsson comments on the launch of Digital Cash 2.0 in an interview with analyst firm Emergers. Whereas an offline payments protocol may work online, the reverse is not true. Online payments systems are by design only capable of handling online payments. Hence, the underlying protocol for digital payments must be an offline scheme as it supports both offline and online payments.

Crunchfish have today launched Digital Cash 2.0 to drive a paradigm shift in payments. Watch the interview with Crunchfish CEO Joachim Samuelsson commenting on the announcement via this link.

The internet protocols fundamentally changed digital communications by their resilient design. Digital payments must also be upgraded to deliver a robust, inclusive and private service that should be required by any public good. Neither token-based nor account-based payment applications of today can deliver this unless they are supported by an underlying protocol designed to offer interoperability, scalability, and security. Crunchfish Digital Cash is that reliable end-to-end protocol and destined to become the standard protocol for digital payments as the internet protocols are for digital communications.

“Whereas an offline payments protocol may work online, the reverse is not true. Online payments services are by design only capable to handle online payments. Hence, the underlying protocol for digital payments must be an offline scheme as it supports both offline and online payments”, says Joachim Samuelsson, Crunchfish CEO

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish CEO Joachim Samuelsson participated as an expert panellist in the panel discussion on “The importance of offline payments for CBDCs and financial inclusion” at the DC3 Conference organised by the Digital Currency Global Initiative by International Telecommunications Union and the Future of Digital Currency Initiative at Stanford University. Crunchfish Digital Cash was positioned as the internet of payments with similar inclusion, resilience and privacy for digital payments as the internet provides for information sharing.

Crunchfish CEO Joachim Samuelsson participated as an expert panellist on a webinar on the topic The Importance of offline payments for CBDCs and financial inclusion. Joachim Samuelsson positioned Crunchfish Digital Cash as being designed using the same robust design principles as the internet. The ideas was published in a press release Crunchfish Digital Cash is the Internet of Payments with similar inclusion, resilience and privacy for digital payments as the internet does for information sharing.

The International Telecommunication Union (ITU) was organising the second edition of the DC3 Conference – 24 – 27 January 2023.  The DC3 Conference is part of the activities of the Digital Currency Global Initiative which is a joint collaboration between the ITU and the Future of Digital Currency Initiative at Stanford University.

Last week, on January 19th, Crunchfish released in partnership with Lipis Advisors the first whitepaper in a new whitepaper series “Enabling Offline Payments in an Online World” with a focus on practical offline payments design. It was followed by a webinar where the whitepaper was first presented by Bonni Brodsky at Lipis Advisors and then followed by a panel discussion with Beju Shah, Head of the Nordic Innovation Hub at Bank of International Settlement and Crunchfish CEO Joachim Samuelsson.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish CEO Joachim Samuelsson is an expert panellist at the session “The importance of offline payments for CBDCs and financial inclusion” at the DC[3] Conference organized by the Digital Currency Global Initiative by International Telecommunications Union and the Future of Digital Currency Initiative at Stanford University.

The International Telecommunication Union (ITU) is organising the second edition of the DC3 Conference – 24 – 27 January 2023.  The DC3 Conference is being organised as part of the activities of the Digital Currency Global Initiative which is a joint collaboration between the ITU and the Future of Digital Currency Initiative at Stanford University.

Crunchfish CEO Joachim Samuelsson will participate as an expert panellist on a webinar on the topic – The Importance of offline payments for CBDCs and financial inclusion – 27 January 2023 at 11-12.30. Joachim Samuelsson will reflect on practical design considerations required to deliver interoperable, scalable and secure offline payment solutions for CBDCs.

View the conference programme via this link. Register and follow the live conference here.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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To increase the understanding among investors for Crunchfish and our value proposition, and connect with new investors, Crunchfish has signed an agreement with Emergers for their Commissioned Research and Corporate Broking service. Crunchfish will continue with offering commissioned research from Västra Hamnen Corporate Finance in parallel.

Emergers’ Commissioned Research service comprises equity research coverage, video interviews, graphic quicktakes and other material to communicate Crunchfish’s equity story to existing and new investors in an accessible way. Emergers’ Corporate Broking service aims to actively increase attention on Crunchfish equity story from investors of all levels. Emergers plans to initiate coverage on Crunchfish during January 2023. Since inception in 2020, Emergers have helped over 30 Small Caps across Nasdaq First North Stockholm, Nasdaq First North Helsinki, Spotlight and Nordic SME to connect with new investors.

Crunchfish have provided its investors with commission research from Västra Hamnen Corporate Finance since May 2019. Their equity research reports are available here at Crunchfish website as well as on Västra Hamnen’s Corporate Finance website. Crunchfish intend to continue with offering their equity research as well in parallel.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 28 December 2022 at 08:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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Crunchfish AB (“Crunchfish” or the “Company”) today announced the result of the exercise of warrants of series TO9, which were issued in connection with the Company’s unit issue in October 2021. The result shows that a total of 1,602,869 warrants were exercised for subscription of 1,602,869 new shares in the Company, corresponding to approximately 93.3 percent of the total number of issued warrants of series TO9. Through the exercise, Crunchfish receives approximately SEK 21.5 million before transaction costs.

In October 2021, Crunchfish conducted a unit issue of shares and warrants, where every unit consisted of three (3) shares and two (2) warrants of series TO9. In total, 1,718,072 warrants of series TO9 were issued. Every one (1) warrant entitled the holder to subscribe for one (1) new share in Crunchfish. In accordance with the terms and conditions for the warrants, the subscription price per share was set to SEK 13.40.

The subscription period is now complete and the result shows that a total of 1,602,869 warrants were exercised for subscription of 1,602,869 new shares in the Company, corresponding to approximately 93.3 percent of the total number of issued warrants of series TO9. This will bring a total of approximately SEK 21.5 million to Crunchfish before transaction cost, approximately SEK 0.5 million.

“We are very happy with the outcome of the exercise of T09 warrants and appreciate the trust in our business. With this capital injection we have secured financing of our business for 2023”, says Joachim Samuelsson, CEO of Crunchfish 

Through the exercise of 1,602,869 warrants of series TO9, the number of shares in Crunchfish increases with 1,602,869 shares to 33,039,167 shares, and the share capital increases with SEK 73,731.974 to SEK 1,519,801.682. This entails a dilution of approximately 4.9 percent based on the number of outstanding shares in Crunchfish.

Delivery of new shares
Shares that have been subscribed and paid for will be registered on the subscriber’s securities depository as interim shares (IA) until registration of the issue has been completed with the Swedish Companies Registration Office, whereupon the interim shares automatically will be converted into ordinary shares in Crunchfish. The interim shares are expected to be converted to shares within two weeks, i.e. around 3 January 2023.

Financial advisor, issuing agent and legal advisor
Västra Hamnen Corporate Finance AB is financial advisor and Nordic Issuing act as issuing agent to Crunchfish in connection with the exercise of warrants of series TO9. Setterwalls Advokatbyrå AB is legal advisor.

IMPORTANT INFORMATION
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Crunchfish. An offer to concerned persons to subscribe for units consisting of shares and warrants series TO9 in Crunchfish has only been made through the prospectus that Crunchfish published on October 6, 2021.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 20 December 2022 at 11:45 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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