Svmuu News: Shareholders of Swedish health tech company H100 have approved the share issuance required to complete the acquisition of Moonshot AS and Never Say Die AS. The transaction is a stock-for-stock swap and does not involve any cash consideration.
Upon completion of the acquisition, H100’s holdings of Bitcoin will increase from 1,051 to approximately 3,500, potentially making it Europe’s second-largest publicly listed Bitcoin financial company, behind Germany’s Bitcoin Group SE.According to terms announced in March, the owners of Moonshot AS and Never Say Die AS will hold approximately 70% of the shares in the merged company upon completion of the transaction, becoming the majority shareholders. (Cointelegraph)