Arcane Crypto AS, a wholly owned subsidiary of Arcane Crypto AB (“Arcane Crypto”), has today entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB, which operates the Swedish crypto exchange Trijo (“Trijo”). The purchase price of approximately SEK 33 million, values Trijo at SEK 50 million on a 100 percent basis. The transaction will be fully settled in shares in Arcane Crypto which will be issued to the sellers (the “Transaction”).

WK Equity currently owns 7 percent of the shares in Ijort Invest AB and will receive shares in Arcane Crypto to a value of Eur350.000. The Consideration Shares will be subject to lock-up restrictions vesting with 1/3 on 1 January 2021, 1/3 on the date 18 months after closing of the transaction and 1/3 on the date 24 months after closing of the transaction.

Learn more about Trijo:

• Website: www.trijo.co
• Facebook: /TrijoExchange
• Twitter: @TrijoExchange