25.9.2024 16:41:17 CEST | Huddlestock Fintech AS | Inside information

NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION,
RELEASE OR REPUBLICATION WOULD BE UNLAWFUL

Huddlestock Fintech AS (OSE: HUDL), ("Huddlestock" or the "Company") is
contemplating to carry out a private placement of new shares towards Norwegian
and international investors after the close of trading on Euronext Growth Oslo
today (the "Private Placement").

The capital raised from the share issue will be used for further development of
Company and for general corporate purposes.

In the Private Placement, Huddlestock is offering new shares (the "Offer
Shares") raising gross proceeds of between NOK 5,000,000 and NOK 20,000,000 (the
"Offer Size"). The subscription price per Offer Share is NOK 0.60 per Offer
Share (the "Offer Price"). Subject to a resolution by an extraordinary general
meeting of the Company, each investor will receive without additional payment, 1
unlisted warrant (the "Warrants") per Offer Share issued and allocated, having a
strike price of NOK 0.60, exercisable at the start of each calendar quarter
following registration and until the date falling 12 months after registration.

Investors have pre-committed to subscribe for, and will be allocated, Offer
Shares for NOK 11,500,000 at the Offer Price in the Private Placement (the
"Pre-Subscribers"). This includes the following primary insiders and closely
related, who have pre-subscribed for a total of NOK 798,000 in Offer Shares:

* Vision Invest Stavanger AS, a company closely related to the Chairman of the
Board, Øyvind Hovland has pre-subscribed for Offer Shares for NOK 300,000.

* Untie Group AB, a company closely related to board members Stefan Willebrand
and Erik Hagelin has pre-subscribed for Offer Shares for NOK 498,000.

Notification of transactions by primary insider will be sent along with the
notification of a successful private placement:

The application period starts on 25 September 2024 at 16:30 hours CEST and ends
on 26 September 2024 at 08:00 hours CEST (the "Application Period"). The Company
reserve the right, at its own discretion, to close or extend the Application
Period at any time and for any reasons and on short or without prior notice. If
the Application Period is shortened or extended, the other times and dates
referred to herein may be amended accordingly.

The Private Placement will be directed towards selected Norwegian and
international investors, in each case subject to and in compliance with
applicable exemptions from relevant prospectus, filing and other registration
requirements, all in accordance with applicable regulations, including the
Norwegian Securities Trading Act, Regulation (EU) 2017/1129 on prospectuses for
securities and ancillary regulations, are available.

The allocation of the Offer Shares to be issued will be made at the sole
discretion of the board of directors of Huddlestock (the "Board"), however so
that the Pre-Subscribers will receive full allocation for the pre-committed NOK
11,500,000. Notification of allotment and payment instruction (the
"Notification") will be sent to the applicant by the Company on or about 26
September 2024. The allocated Offer Shares will not, however, be tradeable until
registration of the share capital increase pertaining to the Offer Shares in the
Norwegian Register of Business Enterprises (the "NRBE") has occurred.

CONDITIONS

Completion of the Private Placement is subject to (i) the Board resolving to
consummate the Private Placement and allocate the Offer Shares