SealWacs AB: Acquisition of the Norwegian e-cigarette company We Care AS and agreement with Gothenburg's Corporate Finance for relisting and capitalization.
On May 19, SealWacs AB (publ) announced that the shareholders of MaxSnus.no AS signed a letter of intent, a so-called "Letter of Intent", LOI, with the shareholders of the Norwegian e-cigarette company We Care AS. The intention was to acquire 100 percent of the shares in We Care. The Company can now announce that a final acquisition agreement has been signed. The agreement, which is subject to approval at an extraordinary general meeting, means that SealWacs acquires all the shares in We Care AS. To finance the acquisition, SealWacs has taken out a bridging loan of SEK 14 million. The company has signed an agreement with Gothenburg Corporate Finance to act as an advisor in the relisting process and in the implementation of a planned offensive rights issue.