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As previously announced, ACQ Bure AB (“ACQ”), a Swedish acquisition company (Special Purpose Acquisition Company), and Yubico AB (“Yubico”), a global cybersecurity company, have agreed to merge and will operate under the name Yubico. Nasdaq Stockholm has today, 12 September 2023, approved listing of Yubico’s shares on Nasdaq First North Growth Market following completion of the merger. The approval is conditional upon customary conditions, inter alia completion of the merger. Nasdaq Stockholm has previously approved ACQ’s application to de-list ACQ’s shares from Nasdaq Stockholm (Main Market) in connection therewith.
All conditions for completion of the merger have been fulfilled and the merger is expected to be completed on 20 September 2023.
The last day of trading in ACQ’s shares on Nasdaq Stockholm (Main Market) is expected to be 19 September 2023 and the first day of trading in Yubico’s shares on Nasdaq First North Growth Market is expected to be 20 September 2023.
A company description prior to the listing of Yubico’s shares on Nasdaq First North Growth Market has been published today and is available on ACQ’s website, www.acq.se.
The board of directors intends to use its authorization from the extraordinary general meeting on 20 June 2023 to resolve upon an issue of shares to be placed in connection with completion of the merger. The share issue is expected to occur in connection with a placing of shares in ACQ which are sold to finance exercise of options and warrants in Yubico by certain holders. The total size of the combined placing is not expected to exceed 4 million ACQ shares, i.e. up to 5% of the expected total number of ACQ shares post completion of the transaction.