Digitalist Group Negotiates Potential Share Exchange and Reverse Listing
News related to:Digitalist Group Plc · 1 min read
Digitalist Group Plc, a Finnish company, is currently in negotiations with the owners of an unlisted Finnish limited liability company, known as the Target Company. The discussions revolve around a potential share exchange and a reverse listing on the regulated market maintained by Nasdaq Helsinki Ltd. If successful, the Target Company would be listed on the Nasdaq Helsinki platform, marking a significant step for the unlisted entity.
The negotiations are still in the early stages, with no binding agreement reached as of yet. The fully diluted value of Digitalist Group’s entire share capital, based on the assumed conversion of all issued convertible bonds and the applicable exchange ratio, is estimated to be between EUR 3.5 million and EUR 4.0 million.
Digitalist Group Plc has requested that Nasdaq Helsinki Ltd suspend trading in its share until the publication of this release. Trading is expected to resume shortly after the release is made public.
While the negotiations are ongoing, there is no certainty that the Transaction will be completed. The process would require the signing of an agreement between the parties, as well as possible corporate and regulatory approvals. The Target Company is involved in project-based business operations, but no further details about the company or the specific terms of the negotiations are being disclosed at this time.
Digitalist Group Plc’s CEO, Magnus Leijonborg, stated that the company will issue a separate stock exchange release if the negotiations lead to a binding agreement or if there are any other material changes in the discussions. For now, the focus remains on the ongoing negotiations and the potential benefits of a reverse listing for the Target Company.
The reverse listing could provide the Target Company with greater visibility and access to the capital markets, potentially enhancing its growth prospects. However, the outcome of the negotiations remains uncertain, and both companies are proceeding with caution.