Closing of transactions agreed in share swap agreements; acquisition of Krakul OÜ
On 22.11.2021, AS Bercman Technologies (hereinafter Bercman), Krakul Holding OÜ (hereinafter KH) and Krakul OÜ (hereinafter Krakul) concluded a conditional swap for the share of a private limited company and shares of a public limited company (hereinafter the Contract). The object of the Contract is the acquisition of a 100% shareholding in Krakul by Bercman, whereas the acquisition of this shareholding shall be paid for in the shares of Bercman. The Contract has been concluded conditionally. On of the conditions precedent to closing of the transactions contemplated under the Contract was the approval of the Contract by the general meeting of shareholders of Bercman, as well as resolving the increase of the share capital of Bercman.
The extraordinary general meeting of shareholders of Bercman held on 01.12.2021 resolved to approve the Contract; the same extraordinary general meeting of shareholders resolved to increase the share capital of Bercman and issue of the shares of Bercman to KH, the sole shareholder of Krakul.
Today, 23.12.2021, the transactions contemplated under the Contract were closed and Bercman acquired the 100% shareholding in Krakul. Today Bercman submitted an application to the Estonian Register of Securities for the registration of the new shares of Bercman and will submit the application for the registration of the share capital increase of Bercman in the Commercial Register as soon as the registration proceedings by the Estonian Register of Securities have been finalised. Bercman will also apply for the admission to trading of the new shares of Bercman in the multilateral trading facility First North.
Bercman is a deep-tech company founded in 2016 which focuses on developing and selling products and technologies that improve traffic safety. The company’s mission is to eliminate all traffic related fatalities. We also wish to contribute to the spread of self-driving vehicles Considering the future prospects of deploying automatic and autonomous vehicles, the company believes that the sector’s development has high potential and provides great opportunities for a rapid global expansion of the company.
Additional Information:
Mart Suurkask
CEO of AS Bercman Technologies
Telephone: +37 253 402 902
E-mail: mart.suurkask@bercman.com
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