Cancellation of Subsequent Offering

04 Oct 2024 13:39 CEST

4.10.2024 13:39:47 CEST | Huddlestock Fintech AS | Additional regulated
information required to be disclosed under the laws of a member state

Stavanger, 4 October 2024.

Reference is made to the stock exchange notice published by Huddlestock Fintech
AS (the "Company") on 26 September 2024 regarding the completion of a private
placement of 23,593,166 new shares in the Company at a subscription price of NOK
0.60 per share raising gross proceeds of approximately NOK 14,155,899.60 (the
"Private Placement") and a potential subsequent offering at the same
subscription price as in the Private Placement directed towards eligible
shareholders.

Each investor in the Private Placement was also allocated, without additional
payment, 1 unlisted warrant per Offer Share issued and allocated, having a
strike price of NOK 0.60 exercisable from registration and until the date
falling 12 months thereafter(the "Warrants"). Since the completion of the
Private Placement, the shares in the Company have traded on customary volumes,
below the subscription price in the Private Placement, also having taken the
value of the Warrants into account. Hence, there is only a limited theoretic
economic value in a thought of "repair issue" for the eligible shareholders,
most likely substantially lower than the estimated expenses involved for the
Company in carrying out such repair issue. Based on the above the, Board of
Directors of the Company is of the opinion that the principle of equal treatment
has been sufficiently complied with in connection with the Private Placement and
has therefore decided to cancel the subsequent offering.

*** DISCLOSURE REGULATION

This information is subject to a duty of disclosure pursuant to the Company's
continuing obligations as a company listed on Euronext Growth Oslo and section
5-12 of the Norwegian Securities Trading Act. This information was published by
Leif Arnold Thomas, at Huddlestock Fintech AS on the date and time provided.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982
15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its
Investment-as-a-service offering, with full operational service support and a
leading financial Consultancy services business. We deliver innovative and
sustainable technology and operational solutions to companies offering financial
products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18268013/5061/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

629057_Download announcement as PDF.pdf