Trading of SPENN Technology A/S resumes on 4 November 2021

COPENHAGEN,
Denmark--(BUSINESS WIRE)-- Regulatory News:

28.10.2021 14:55:17 CEST | SPENN
Technology A/S | Company Announcement

As of 4 November 2021, trading of the
SPENN Technology A/S share will resume at
Nasdaq First North Growth
Market.

Company Announcement No. 65

“We are pleased to be back and open for
trading. We have used the suspension
period wisely, reaching an understanding
with Zanamaca for how to onboard 6
million Zanamaca members to SPENN, and
acquiring Kazang Zambia which propels
growth in this market,” says Jens Glaso,
CEO of SPENN Technology A/S.

On 8 June 2021, Nasdaq suspended trading of the
SPENN Technology A/S share.
Nasdaq assessed that the contemplated transaction
between SPENN Technology A/S
and Blockbonds AS, and information about the
business activities and the
organization of the future SPENN Technology A/S,
should be further described
and disclosed to the market.

“We have worked
closely with Nasdaq in a positive and constructive process
which is now
finalized,” says Glaso.

On 23 February 2021, SPENN Technology A/S (previously
named NPinvestor) entered
into an agreement to acquire Blockbonds AS, a leading
Norwegian fintech and
blockchain company operating in Africa and Asia within
digital banking and
payment services.

The capital increase was completed and
filed with the Danish Business Authority
on expiration of the subscription
period on 30 June 2021 and pending Nasdaq’s
approval of the change of identity,
and the approval of the new shares for
trading on Nasdaq First North Growth
Market.

After the capital increase SPENN Technology A/S is the majority owner
of
Blockbonds AS and holds 98.44 per cent of Blockbonds AS’ share
capital.

Today, the change of identity of SPENN Technology A/S and the new
shares issued
in connection with the transaction has been approved for listing
and trading on
Nasdaq First North Growth Market. The Company Description
containing further
information on SPENN Technology A/S is available
on investor.spenn.com and also
via a link at the bottom of this
announcement.

This announcement contains inside information.

About SPENN
Technology A/S

In a world where 1.7 billion people are still unbanked, SPENN
Technology has
democratized access to financial markets by bridging the crypto
sphere with
traditional finance. By utilizing blockchain technology Blockbonds
has created
a robust real-time payment system in which everyone can manage
their savings,
payments, investments and loans in an honest, transparent and
secure way
through the SPENN App platform. Although SPENN Technology A/S is
a
purpose-driven company with our vision to empower people, we are also
a
commercial player that always strives to develop new services for
our
customers.

The SPENN app is an innovative and unique digital banking
platform for the
unbanked as well as the banked to be able to send and receive
money completely
cost-free, in markets where the cost of financial services is
the highest in
the world. SPENN is disrupting the existing mobile payment
distribution
channels. SPENN has recently launched new integrated services in
the platform
and expects to launch more crypto services going forward.

SPENN
is a technology provider to banks and governments based on a Software as
a
Service (SaaS) solution and has grown to become a key partner for their
bank
partners to drive deposits and to stay in front of innovation. SPENN is
helping
governments regulate the unregulated utilizing new technology and
visionary
ideas which have ultimately solved the biggest issue within
financial
inclusion.

SPENN Technology A/S is listed on the Nasdaq First North
Growth Market
Denmark. Ticker code: SPENN

Contacts

For further Information,
please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50,
e-mail: 
jens@spenn.com
Certified Adviser: Baker Tilly Corporate Finance P/S,
Att.: Gert Mortensen,
Partner. Phone: +45 33 45 10 00, www.bakertilly.dk

SPENN
Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45
8830 0000
www.spenn.com


Source: SPENN Technology A/S