Bullet Capital AG completed the acquisition of approximately 0.55% stake in QuickBit eu AB from Abelco Investment Group AB for SEK 5.5 million.
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.