9/13/2023 0 Comments Download the deeper you dig 2019![]() With this partnership, we are not only enriching our portfolio but also deepening our commitment to innovation and inclusivity within the financial sector." ![]() This strategic investment in Finpeers is more than just another alliance it's a step forward in the web3 adoption narrative that we are passionate about. Michael Jackson, Chairman of Arcario, commented, "In my years observing the financial ecosystem's rapid evolution, it's become clear that the tokenization of traditional assets holds transformative potential. The agreement also includes an option for Arcario to subscribe for an additional three (3) percent of the total number of shares in Finpeers within three (3) years, under the condition that Finpeers has completed a new issue of shares during this period. Closing of the Transaction and issuance of the Consideration Shares is subject to a satisfactory due diligence review of Finpeers by Arcario, which is expected to be completed during July 2023. The purchase price for the existing shares in the Transaction amounts to CHF 72,000, corresponding to a purchase price of approximately SEK 850,000, and will be set-off against newly issued shares in Arcario (the "Consideration Shares"). ![]() Arcario AB ("Arcario") has today entered into a Share Purchase Agreement with the Swiss fintech company Finpeers SA ("Finpeers") and the majority shareholder of Finpeers (the "Seller"), according to which Arcario shall acquire existing shares in Finpeers corresponding to approximately three (3) percent of the total number of shares in Finpeers from the Seller (the "Transaction").
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