J. Molner AS (hereinafter the Company) acquired 100% of the shares of J Molner Holdings Inc. from its majority shareholder, Jason Grenfell-Gardner, on 1 June 2026. J Molner Holdings Inc. is a special purpose vehicle incorporated in the State of Delaware for the purpose of holding intellectual property in the United States of America. The acquisition price was USD 100, representing the cost of incorporation of the company.
Jason Grenfell-Gardner is a member of the Management Board and the majority shareholder of J. Molner AS. The acquisition of J Molner Holdings Inc. constitutes a related-party transaction involving a conflict of interest of a member of the Management Board. The relevant circumstances of the transaction have been disclosed in accordance with applicable laws and regulations.
As part of its balance sheet management, the Company has entered into a loan facility agreement in the amount of USD 7,000,000 which the Company can draw from time-to-time. The loan has a term of three years and bears interest at a rate of 10% per annum.
For further information, please contact:
Sten Akel
J. Molner AS
CFO
+372 550 5259
s.akel@jmolner.com