NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

The subscription period for the rights issue in Crunchfish AB (publ) (“Crunchfish” or the “Company”) was completed on October 25, 2021 and the outcome shows that the rights issue was subscribed to approximately 131 percent. The rights issue, which was covered by subscription and guarantee commitments corresponding to 100 percent, was subscribed to approximately 72 percent with the support of unit rights and approximately 59 percent without the support of unit rights. The guarantee commitments have therefore not been utilized. The rights issue provides the Company with approximately SEK 64 million before deduction of issue costs of approximately SEK 5 million. Upon full exercise of all warrants series TO9, the Company may be provided with an additional capital injection of up to approximately SEK 64 million after the exercise period for the warrants that runs from and including December 5, 2022 to and including December 19, 2022.

Allotment of units, consisting of three (3) shares and two (2) warrant series TO9, subscribed for without the support of unit rights has been granted in accordance with the principles set out in the EU growth prospectus drawn up in connection with the rights issue and published on October 6, 2021 (the “Prospectus”). Notice of allotment of units subscribed for without the support of unit rights will be sent within short to those who have been allotted units. The units must be paid for in accordance with the settlement note. Investors with custodian accounts will receive notification of allotment in accordance with each account holding bank’s routines.

Through the rights issue, the number of shares in the Company will increase with 2,577,108 shares, from 28,348,190 shares to 30,925,298 shares, and the share capital will increase by SEK 118,546.968, from SEK 1,304,016.740 to SEK 1,422,563.708. In the event that all warrants are also fully exercised for subscription of new shares in the Company, the number of shares in the Company will increase with an additional 1,718,072 shares to a total of 32,643,370 shares and the share capital will increase by an additional SEK 79,031.312 to SEK 1,501,595.020. One (1) warrant series TO9 entitle the right to subscribe for one (1) new share in the Company, during the period from and including December 5, 2022 to and including December 19, 2022 against cash payment where the subscription price is set at 70 percent of the volume-weighted average price for the Company's share on Nasdaq First North Growth Market during the period from and including November 16, 2022, to and including November 30, 2022, however, not more than SEK 37.50 and not less than the quota value of SEK 0.046. The warrants are intended to be admitted to trading on Nasdaq First North after final registration of the Rights Issue with the Swedish Companies Registration Office.

Trading in paid subscribed units (CFISH BTU) takes place on Nasdaq First North Growth Market until the conversion of BTU into shares and warrants after the rights issue has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket). This registration is expected to take place around week 46, 2021.

Financial and legal advisors
Västra Hamnen Corporate Finance AB is financial advisor and Setterwalls Advokatbyrå AB is legal advisor to Crunchfish in connection with the Rights Issue.

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

Erik Berggren, IR Manager
+46 726 011 673
erik.berggren@crunchfish.com

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

This information is such information as Crunchfish AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 CEST on October 27, 2021.

Download as PDF

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

Today, October 11, 2021, the subscription period for Crunchfish AB (publ)’s (“Crunchfish” or the “Company”) rights issue of shares and warrants (“Units”) of approximately SEK 64 million before issue costs (the “Rights Issue”) begins. Upon full exercise of all warrants, Crunchfish may receive additional issue proceeds of maximum approximately SEK 64 million before issue costs. The Rights Issue is 100 percent covered by subscription commitments and guarantee commitments from Midroc Invest AB, Wilhelm Risberg and Fredrik Lundgren.

Reason for the Rights Issue and use of proceeds
To ensure the Company's working capital needs, and to execute on the market potential of Digital Cash via accelerating current integration projects and thereby focusing on building long-term shareholder value, as well as restructure the Company’s financial position by repaying the current loans from the Company’s major shareholders, the Board has resolved to carry out the Rights Issue. Upon full subscription, the Rights Issue is estimated to contribute approximately SEK 64 million to Crunchfish, before deduction of issue costs of approximately SEK 5 million. The net proceeds are intended to be used in the order of priority below:

• SEK 25 million: repay loan; and
• SEK 24 million: development, marketing and sales efforts; and
• SEK 10.4 working capital.

If all warrants in the Rights Issue are exercised, the Company will receive an additional maximum of approximately SEK 64.4 million before deduction of issue costs of approximately maximum SEK 1.5 million. The additional net proceeds are intended to be distributed as follows and if not all measures can be implemented, according to the priorities below.

• 34%: development; and
• 33%: sales and marketing; and
• 33%: working capital.

Terms and Conditions for the Rights Issue
On September 16, 2021, the Extraordinary General Meeting approved the Board of Crunchfish’s resolution to carry out the Rights Issue in accordance with the following main terms:

• Those who were registered as shareholders in Crunchfish on the record date have a preferential right to subscribe for Units in the Company in relation to the existing shareholding in the Company. Shareholders in the Company receive one (1) unit right for each one (1) share held on the record date.
• Thirty-three (33) unit rights entitle to subscription of one (1) Unit in the Company. Each Unit contains three (3) newly issued shares and two (2) warrant of series TO9 issued free of charge.
• The Rights Issue comprise a maximum of 859,036 Units. The Rights Issue thus entails an issue of a maximum of 2,577,108 shares and a maximum of 1,718,072 warrants of series TO9.

• The subscription price is SEK 75 per Unit, which corresponds to a subscription price of SEK 25 per share. The warrants are issued free of charge.

Timetable for the Rights Issue
October 11 – October 25, 2021                         Subscription period

October 11 – October 20, 2021                         Trading in unit rights

October 11, 2021 – Until the Rights Issue is registered at the Swedish Companies Registration Office – Trading in paid subscription units (Sw. “BTU”)

October 28, 2021                                                Estimated date for publication of the outcome of the Rights Issue

Terms and Conditions for warrants series TO9

• One (1) warrant of series TO9 entitle the right to subscribe for one (1) new share in the Company, during the period from and including December 5, 2022 to and including December 19, 2022 against cash payment where the subscription price is set at 70 percent of the volume-weighted average price for the Company's share on the Nasdaq First North Growth Market during the period from and including November 16 to and including November 30, 2022, however, not more than SEK 37.50 and not less than the quota value of SEK 0.046.
• The warrants are intended to be admitted to trading on Nasdaq First North after final registration of the Rights Issue with the Swedish Companies Registration Office.

Subscription and guarantee commitments
The Company's second largest shareholder Midroc Invest AB, (represented by Chairman of the Board Göran Linder), which holds 17.6 percent of the share capital, has committed to subscribe for shares for its share of the Rights Issue, approximately SEK 11.4 million. In addition, Wilhelm Risberg and Fredrik Lundgren will receive all of Femari Invest AB´s (owned by CEO Joachim Samuelsson) unit rights, and have undertaken to subscribe for shares in the Rights Issue for the full number of unit rights. In total the Company has received subscription commitments of approximately SEK 28.4 million. No compensation is paid for the subscription commitments. Wilhelm Risberg and Fredrik Lundgren have also undertaken to guarantee the remaining 55 percent of the Rights Issue, corresponding to an amount of approximately SEK 36 million. For the guarantee undertakings the guarantors will receive cash payment of 5 percent of the committed capital, corresponding to SEK 1.8 million. The Rights Issue is thus 100 percent covered by subscription commitments and guarantee commitments. Subscription commitments and guarantee commitments have not been secured via a prior transaction, bank guarantee or similar transactions.

Lock-up
The Company's largest shareholders, CEO Joachim Samuelsson and Midroc Invest AB (represented by Chairman of the Board Göran Linder), have entered into lock-up agreements covering their entire current shareholdings, as well as the shares and warrants subscribed for in the Rights Issue through subscription commitment. The lock-up agreement applies from September 27, 2021 until the date that falls 6 months after the last day of the subscription period.

Prospectus
Complete terms and conditions for the Rights Issue and other information about the Company is available in the prospectus (the “Prospectus”) that was published by the Company on October 6, 2021. The Prospectus is available on the Company´s website (https://www.crunchfish.com), Västra Hamnen Corporate Finance’s website (http://www.vhcorp.se), Nordic Issuing´s website (http://www.nordic-issuing.se) and Swedish Financial Supervisory Authority´s website (http://www.fi.se).

Financial and legal advisors
Västra Hamnen Corporate Finance AB is financial advisor and Setterwalls Advokatbyrå AB is legal advisor to Crunchfish in connection with the Rights Issue.

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

Erik Berggren, IR Manager
+46 726 011 673
erik.berggren@crunchfish.com

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

The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on October 11, 2021.

Download as PDF

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

Crunchfish AB (publ) (“Crunchfish” or the “Company”) has prepared an EU Growth Prospectus (the “Prospectus”) regarding the rights issue of units that was published on August 27, 2021 (the “Rights Issue”).

The Prospectus has today been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The Prospectus will be available on Crunchfish's website (www.crunchfish.com), Västra Hamnen Corporate Finance AB's website (www.vhcorp.se) and on the Swedish Financial Supervisory Authority's website (http://www.fi.se).

Financial and legal advisors
Västra Hamnen Corporate Finance AB is financial advisor and Setterwalls Advokatbyrå AB is legal advisor to Crunchfish in connection with the Rights Issue.

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

Erik Berggren, IR Manager
+46 726 011 673
erik.berggren@crunchfish.com

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

The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CEST on October 6, 2021.

Download as PDF

Following the announcement of the rights issue of shares and warrants in Crunchfish AB, the Board of Directors of Crunchfish has decided to postpone the disclosure of the interim report for the third quarter 2021. New publication date is November 30, 2021.

Crunchfish has, subject to approval by the Extraordinary General Meeting on September 16, 2021, resolved to carry out a rights issue of shares and warrants, with a subscription period between October 11-25, 2021. Hence, the Board of Directors has decided to postpone the disclosure of the interim report for the third quarter 2021 to November 30, 2021. The report will be available here: https://www.crunchfish.com/investors/

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

Erik Berggren, IR Manager
+46 726 01 16 73
erik.berggren@crunchfish.com

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

Download as PDF

Crunchfish’s business area Food Waste was based on a granted Swedish patent. The patent has been challenged and after careful analysis, Crunchfish has concluded that the patent will not stand and that a potentially modified patent will not be sufficient to build the business. Crunchfish has therefore decided to exit its operations in the Food Waste segment. 

Crunchfish is increasingly focusing on Digital Cash and with the conclusion that the granted patent within food waste will not stand and that a potentially modified patent will not be sufficiently broad to build a viable business, Crunchfish has decided to exit Food Waste business segment.

As a consequence, Linda Kronby, CEO of Crunchfish Food Waste AB and CEO Blippit AB, will leave the company by the end of November. Patrik Lindeberg, CEO of Crunchfish Digital Cash AB, will assume the role as CEO of Blippit AB after this period.

”After careful analysis we have concluded that it will be difficult to build a viable business in the food waste area as our patent right will not stand as granted. A decision to exit this business is therefore best for the company as we are increasingly focusing on Digital Cash. I want to thank Linda Kronby for her contributions and wish her all the best for her future career.”, says Joachim Samuelsson, CEO of Crunchfish.

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

Erik Berggren, IR Manager
+46 726 011 673
erik.berggren@crunchfish.com

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

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer in Digital Cash payments, with a two-step payment process, first clearing offline followed by online settlement. Crunchfish also has businesses in Food Waste and Gesture Interaction. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

Download as PDF

Styrelsen i Crunchfish AB (publ), org. nr 556804-6493, kallar härmed till extra bolagsstämma torsdagen den 16 september 2021.

På grund av det fortsatt osäkra läget med pågående smittspridning av det virus som orsakar covid-19, har styrelsen beslutat att stämman ska genomföras utan fysisk närvaro av aktieägare, ombud eller utomstående och att aktieägare ska ha möjlighet att utöva sin rösträtt endast genom poströstning innan stämman. Information om de av bolagsstämman fattade besluten offentliggörs på bolagets hemsida den 16 september 2021, så snart utfallet av poströstningen är slutligt sammanställd.

Anmälan/rätt att delta på stämman

Aktieägare som vill delta vid stämman ska dels vara införd i den av Euroclear Sweden AB förda aktieboken onsdagen den 8 september 2021, dels ha anmält sitt deltagande genom att avge sin poströst enligt instruktionerna nedan så att förhandsrösten är bolaget tillhanda senast onsdagen den 15 september 2021.

Den som låtit förvaltarregistrera sina aktier måste, för att ha rätt att delta i stämman, genom förvaltares försorg låta registrera aktierna i eget namn. Sådan registrering kan vara tillfällig (s.k. rösträttsregistrering). Aktieägare som önskar registrera aktierna i eget namn måste, i enlighet med respektive förvaltares rutiner, begära att förvaltaren gör sådan rösträttsregistrering. Rösträttsregistrering som av aktieägare har begärts i sådan tid att registreringen har gjorts av relevant förvaltare senast fredagen den 10 september kommer att beaktas vid framställningen av aktieboken.

Förhandsröstning via formulär som skickas in via post eller e-post

Aktieägarna får utöva sin rösträtt vid stämman endast genom att rösta på förhand, s.k. poströstning enligt 22 § lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor. Förhandsröstning sker genom att aktieägare fyller i ett särskilt formulär och undertecknar det, varefter formuläret skickas in till bolaget per post till adressen Crunchfish AB, Stora Varvsgatan 6A, 211 19 Malmö (märk brevet ”Bolagsstämma”) eller per e-post till adressen bolagsstamma@crunchfish.com. Röstformuläret kommer att finnas tillgängligt på bolagets webbplats, https://www.crunchfish.com/investors/bolagsstamma/, och tillhandahålls på begäran. Ifyllt formulär måste vara bolaget tillhanda senast onsdagen den 15 september 2021. Poströsten får inte förses med särskilda instruktioner eller villkor. Om så sker är hela poströsten ogiltig. Ytterligare anvisningar och villkor finns i poströstningsformuläret. Ifyllt formulär för utövande av rösträtt gäller även som anmälan om deltagande i stämman.

Om aktieägaren låter ett ombud förhandsrösta för dess räkning ska fullmakt bifogas formuläret. Om aktieägaren är en juridisk person ska registreringsbevis eller annan behörighetshandling bifogas formuläret. Ytterligare anvisningar och villkor framgår av formuläret. Fullmaktsformulär för aktieägare som vill förhandsrösta genom ombud kommer att finnas tillgängliga på bolagets hemsida, https://www.crunchfish.com/investors/bolagsstamma/.

Dagordning

1. Stämmans öppnande och val av ordförande vid stämman
2. Upprättande och godkännande av röstlängd
3. Val av en eller två justeringspersoner
4. Prövning av om stämman blivit behörigen sammankallad
5. Godkännande av dagordning
6. Beslut om godkännande av styrelsens beslut om företrädesemission av units
7. Stämmans avslutande

_____________________

Förslag till beslut vid extra bolagsstämma i Crunchfish AB (publ) 2021-09-16

§ 1 Stämmans öppnande och val av ordförande vid stämman

Nomineringskommittén, som består av Joachim Samuelsson och Göran Linder och per dagen för denna kallelse representerar 44,1 % av antalet aktier och röster i bolaget, föreslår att styrelsens ordförande Göran Linder ska vara ordförande vid stämman, eller om han inte kan delta vid stämman, annan person som styrelsen anvisar.

§ 2 Upprättande och godkännande av röstlängd

Styrelsen föreslår att stämman godkänner den röstlängd som har upprättats av bolaget, baserat på bolagsstämmoaktieboken samt mottagna röster, kontrollerade av justeringspersonen.

§ 3 Val av en eller två justeringspersoner

Till person att jämte ordföranden justera protokollet från stämman föreslås Stephan Carlqvist, eller vid dennes förhinder, den person som styrelsen istället anvisar. Justeringspersonens uppdrag innefattar även att kontrollera röstlängden och att inkomna poströster blir rätt återgivna i stämmoprotokollet.

§ 6 Beslut om godkännande av styrelsens beslut om företrädesemission av units

Styrelsen föreslår att den extra bolagsstämman beslutar att godkänna styrelsens beslut av den 27 augusti 2021 om emission av högst 859 036 units bestående av aktier och teckningsoptioner på följande villkor:

I den mån tilldelning i något led enligt ovan inte kan ske pro rata ska tilldelning ske genom lottning.

• från och med den 11 oktober 2021 till och med den 25 oktober 2021. Teckning av units genom betalning innebär att tecknaren uppdrar åt ett av bolaget engagerat emissionsinstitut att verkställa teckning på teckningslista avseende det antal vederlagsfria teckningsoptioner som tecknade units består av.

Teckning av units utan stöd av uniträtter ska ske på särskild teckningslista under samma tid som teckning med stöd av uniträtter ska ske. Betalning för units tecknade utan stöd av uniträtter ska ske senast tredje bankdagen efter det att besked om tilldelning avsänts till tecknaren genom avräkningsnota.

Styrelsen ska äga rätt att förlänga tecknings- och betalningstiden.

Antalet aktier och röster

Antalet utestående aktier och röster i bolaget uppgår vid tidpunkten för denna kallelse till 28 348 190 stycken. Bolaget innehar inga egna aktier.

Handlingar till stämman

Fullständiga förslag till beslut och anslutande handlingar enligt aktiebolagslagen samt övriga handlingar inför bolagsstämman, inklusive fullmaktsformulär och poströstningsformulär, kommer att finnas tillgängliga hos bolaget på adress Stora Varvsgatan 6A, 211 19 Malmö och på bolagets webbplats, www.crunchfish.com senast två veckor före stämman. Kopior av handlingarna sänds till de aktieägare som begär det och uppger sin postadress. Även bolagsstämmoaktieboken tillhandahålls på bolagets kontor.

Aktieägares rätt att begära upplysningar

Styrelsen och den verkställande direktören ska, om någon aktieägare begär det och styrelsen anser att det kan ske utan väsentlig skada för bolaget, lämna upplysningar om förhållanden som kan inverka på bedömningen av ett ärende på dagordningen. Begäran om sådana upplysningar ska lämnas skriftligen till bolaget under adress Bolagsstämma, Stora Varvsgatan 6A, 211 19 Malmö eller via e-post på adress bolagsstamma@crunchfish.com senast måndagen den 6 september 2021. Upplysningarna lämnas av bolaget genom att de hålls tillgängliga på bolagets webbplats https://www.crunchfish.com/bolagsstamma/ och på dess huvudkontor på i Malmö senast lördagen den 11 september 2021. Upplysningarna skickas även till den aktieägare som begärt dem och uppgivit sin adress.

Behandling av personuppgifter

För information om hur dina personuppgifter behandlas, se https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf

Malmö i augusti 2021
Crunchfish AB (publ)
Styrelsen

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/digitalcash
Crunchfish is a technical pioneer in Digital Cash payments, with a two-step payment process, first clearing offline followed by online settlement. Crunchfish also has businesses in Food Waste and Gesture Interaction. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.