Punktid Technologies AS plans to sell unallocated shares from the option program to investors
Punktid Technologies AS (hereinafter Punktid) informs about the plan to sell to investors Punktid's own shares, which belong to Punktid in connection with the option program, but which are not planned to be distributed based on options. Punktid plans to offer a maximum of 100,000 of its shares to investors.
Reason for offer:
Punktid Technologies AS is the manager of a platform that mediates digital products. Additional funding is required to continue expansion, increase the product range and integrate new suppliers.
Punctid Technologies AS has achieved the previously set goals:
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After the IPO in May 2022, we reached the set goal for the year in half a year and set a turnover record for the group.
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In January 2023, we changed course and, due to the market situation, decided to move towards profits instead of turnover records, which we already achieved in the third quarter of the same year.
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In April 2023, we fulfilled the biggest goal of raising money with the IPO and opened a completely new system and the real potential for realizing growth is now starting to justify itself.
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In the first quarter of 2024, we opened the German market as promised, for which we also organized the selling of our shares in the summer of the previous year.
The goals for this fundraising:
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We plan to bring back the long-awaited bonus system for loyal customers and continue expanding, moving further into the Spanish market. Of the countries where we have not yet expanded, it is Spain that brings us the largest traffic on the platform within EU. In order to expand to the Spanish market, it is necessary to make technical preparations and translation works, and it is also necessary to add local payment methods.
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The purpose of the vigorous expansion is to reduce the share of sales coming from the Baltics due to the strong economic recession that has hit the region and the decrease in purchasing power.
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We plan to continue development activities to provide users of Punktid sales platform with new features and to improve the user experience, which is then expected to increase sales as well.
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Ensuring general liquidity for the future and covering expenses related to First North's tradable status on the alternative market.
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Strengthening the position in the already open German market and increasing sales.
This announcement is not an offer of own shares of Punktid. The conditions of sale and more detailed information about the offer will be disclosed in a separate announcement. The sale is planned to take place during the second quarter of this year.
Contacts for additional information:
Hannes Niid
Management Board Member of Punktid Technologies AS
E-mail: invest@punktid.com
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