Bricknode Holding initiates shareholder redemption process
Bricknode Holding AB has begun the formal process giving its shareholders the opportunity to redeem shares in Bricknode Holding for those in Huddlestock Fintech AS.
This redemption follows Huddlestock's acquisition of all operational assets of Bricknode in April 2023. The redemption could only proceed once Bricknode Holding's outstanding loans were reduced to a level where the company was confident it could repay them before closing down. That threshold has now been met.
Shareholders in Bricknode Holding will be contacted by their bank or broker and asked if they wish to convert their shares to Huddlestock shares.
To assist shareholders in this process, Bricknode Holding has published an article (https://bricknodeholding.com/news/getting-ready-to-become-a-huddlestock-shareholder/) outlining the redemption procedure and key information about Huddlestock.
Former Bricknode CEO and current Huddlestock Chief Information Officer, Stefan Willebrand, said: "Since Bricknode joined forces with Huddlestock, significant efforts have been made to integrate the assets of both companies, enhancing our solution and expanding our reach. We are pleased to now offer shareholders the opportunity to continue this exciting journey with us as Huddlestock."