Bullet Capital AG signed a binding term sheet to acquire 6.1% stake in QuickBit eu AB (publ) (NGM:QBIT) from Abelco Investment Group AB (publ) (NGM:ABIG) for SEK 55 million on May 11, 2020. The deal value is payable in cash. Abelco will sell its total shareholding in Quickbit and may receive an additional payment of up to SEK 3.9 million if the volume-weighted average price of QuickBit shares until the end of August exceeds SEK 14 per share. Abelco expects to sign a definitive agreement, close the transaction and receive full payment within 45 days.

Bullet Capital AG completed the acquisition of approximately 0.55% stake in QuickBit eu AB (publ) (NGM:QBIT) from Abelco Investment Group AB (publ) (NGM:ABIG) for SEK 5.5 million on July 1, 2020. Under the terms of the deal, the transaction was to be completed in 2 tranches. As per the disclosure of July 1, 2020 of Fatfish Blockchain Limited (ASX:FFG), parent of Abelco, Fatfish Blockchain updated that the tranche 1, involving the sale of 0.32 million shares of QuickBit for approximately SEK 4.5 million has been completed and in addition SEK 1 million was received as non-refundable deposit for the transaction. However, Bullet Capital has informed Abelco that it will not proceed to complete tranche 2, involving the sale of 3.6 million shares of QuickBit for approximately SEK 51 million.