Norwegian Block Exchange Enters Agreement to Acquire JuJu AS Customer Base

12 Jun 2026 08:45 CEST

Norwegian Block Exchange AS ("NBX"), a leading digital asset service provider in
the Nordics, has entered into a binding letter of intent (Term Sheet) to acquire
the customer base of Norwegian cryptocurrency exchange JuJu AS ("JuJu").

The transaction is structured as an asset deal, whereby NBX acquires JuJu's
customer base, KYC/AML documentation and associated rights. NBX does not assume
JuJu's technology, employees or historical liabilities.
The total consideration amounts to up to NOK 5,000,000, payable exclusively in
newly issued NBX shares:

- Fixed consideration: NOK 1,000,000 in NBX shares to be issued at closing,
corresponding to 1,608,749 shares based on a fixed reference price of NOK 0.6216
per share.
- Contingent consideration (earn-out): Up to NOK 4,000,000 in NBX shares,
payable on a strictly proportional basis depending on revenues generated by the
migrated customers. The same reference price per share applies.

Closing is expected to take place in June 2026, subject to execution of a final
share purchase agreement (SPA), board approval and completion of due diligence.


The transaction is consistent with NBX's strategy to grow its customer base in
the Norwegian market. Migrated customers will gain access to NBX's full product
suite, including trading, staking and stablecoins, as well as upcoming products
and services.

"We are pleased to welcome JuJu's over 4000 customers to NBX. The transaction
strengthens our position in the Norwegian market and is structured to create
genuine incentives for a successful migration," said Stig Kjos-Mathisen, CEO of
NBX.

"NBX is the natural and professional home for our customers. Our goal has always
been to offer our customers the very best, and we are confident they will find
exactly that at NBX — with a broad product suite, strong regulatory standing and
a team that genuinely cares about them. This is the best possible outcome for
JuJu's customers, and we are proud to entrust them to a company we have full
confidence in," said Øyvind Garder, CEO of JuJu AS.


For further information, please contact:
Stig Kjos-Mathisen, CEO, Norwegian Block Exchange AS
E-mail: stig@nbx.com
Phone: +47 932 87 572

yvind Garder, CEO, JuJu AS
E-mail: oyvind@jujukrypto.no
Phone: +47 993 88 052

About Norwegian Block Exchange (NBX)
Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency
exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers
secure trading of digital assets, custody solutions, and blockchain technology
services for retail and institutional clients. NBX is committed to providing a
compliant trading environment with robust security measures and transparent
operations. The company issued the first credit card in the world with BTC
cashback.

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