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Arcane Crypto AB Publishes Year-End Report for 2020 for then Vertical Venture AB

The report, which can be found at https://investor.arcanecrypto.se/, provides details of the Company's financial performance throughout 2020. Additionally, in connection with the acquisition of Arcane Crypto AS the company entered a re-listing process at Nasdaq First North. The re-listing process was successfully completed, and the company received a preliminary approval from Nasdaq on December 4th, 2020. Arcane Crypto AS was formally acquired on January 11th, 2021 and hence not being consolidated in these numbers. Except for in the section regarding significant events post the balance sheet date, the CEO comments and information on group structure and operations, this report does not contain information related to Arcane Crypto AS and its business.

Fourth quarter of 2020 (October - December 2020)

  • Net sales during the quarter amounted to SEK 2,995 thousand (SEK 1,526 thousand).
  • Profit before depreciation (EBITDA) during the quarter was SEK 2,460 thousand (-465 thousand).
  • Operating profit (EBIT) was SEK 2,460 thousand during the quarter (-1,016 thousand).

Full Year of 2020 (January - December 2020)

  • Net sales for quarters 1-4 amounted to SEK 3,002 thousand (SEK 5,045 thousand)
  • Profit before depreciation (EBITDA) for quarters 1-4 amounted to SEK 287 thousand (-17,655 thousand)
  • Operating profit (EBIT) for quarters 1-4 amounted to SEK 287 thousand (-21,254 thousand)
  • During Quarter 1-2 the company negotiated for an acquisition of Tongdow E-commerce Co Ltd which was ended on July 2nd, 2020. On the same day, the company announced an LOI to acquire Arcane Crypto AS. On 4 August 2020, Vertical Ventures entered into a share purchase agreement regarding the acquisition of all shares in Arcane Crypto through a directed issue up to 7,327,666,667 shares in Vertical Ventures. During Quarter 3 the Company entered a re-listing process with Nasdaq First North.

This information is information that Arcane is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact person, for publication on February 26, 2021 at 7:45 CET.

For further info

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail: post@arcanecrypto.se
web: investor.arcanecrypto.se

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research leg. Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

2021-03-02
Regulatorisk

Aktieägarna i Arcane Crypto AB, org. nr. 556668-3933 ("Arcane Crypto" eller "bolaget"), kallas härmed till extra bolagsstämma att hållas fredagen den 19 mars 2021.

2021-02-26
Regulatory

The report, which can be found at https://investor.arcanecrypto.se/, provides details of the Company's financial performance throughout 2020. Additionally, in connection with the acquisition of Arcane Crypto AS the company entered a re-listing process at Nasdaq First North. The re-listing process was successfully completed, and the company received a preliminary approval from Nasdaq on December 4th, 2020. Arcane Crypto AS was formally acquired on January 11th, 2021 and hence not being consolidated in these numbers. Except for in the section regarding significant events post the balance sheet date, the CEO comments and information on group structure and operations, this report does not contain information related to Arcane Crypto AS and its business.

2021-02-18
Regulatory

Arcane Crypto AB ("Arcane Crypto" or the "Company") has on 17 February 2021, through a press release, announced that the Company has signed a binding application agreement with two potential investors following a previously announced non-binding term sheet. Arcane Crypto's board of directors has now, pursuant to the authorization granted by the Company's extraordinary general meeting held on 11 January 2021, resolved on and carried out a directed issue of 99,000,000 shares (the "Share Issue") and a directed issue of 49,500,000 warrants of series 2021/2022 (the "Warrant Issue") to the investors Lucerne Capital Management, L.P and Klein Invest AS (the "Directed Issues"). Each (1) warrant of series 2021/2022 entitles the holder to subscribe for one (1) new ordinary share in the Company during the period commencing when the warrants are registered with the Swedish Companies Registration Office up to and including 16 February 2022. The subscription price per share exercised through a warrant of series 2021/2022 is SEK 0.50. Through the Directed Issues Arcane Crypto may, upon full exercise of the warrants, receive proceeds amounting to maximum approximately SEK 74.25 million before deduction of transaction costs.

2021-02-17
Regulatory

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

On 16 February 2021, Arcane Crypto AB ("Arcane Crypto" or the "Company") announced through a press release that the Company had entered into a non-binding term sheet with Lucerne Capital Management, L.P ("LCM") and Klein Invest AS ("Klein Invest") regarding an issue of new shares and warrants in the Company. Today LCM and Klein Invest have entered into an application agreement regarding the subscription of such shares and warrants (the "Application Agreement").

2021-02-16
Regulatory

Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, 16 February 2021, signed a non-binding term sheet with two potential investors, with the following key terms.

2021-02-04
Regulatory

On 11 January 2021, an Extraordinary General Meeting in Arcane Crypto AB (the "Company" or "Arcane Crypto"), previously Vertical Ventures AB (publ), resolved on inter alia an issue of shares, amendment of the Articles of Association and change of the company name. The change of name to Arcane Crypto AB has now been registered with the Swedish Companies Registration Office (Sw. Bolagsverket) and the first day of trading with the new company name will be on 5th February 2021. Due to the change of name, the Company's ticker on Nasdaq First North Growth Market will be changed to ARCANE.

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