iZafe Group AB (publ) (OM:IZAFE B) entered into a letter of Intent to acquire Pilloxa AB for SEK 30 million on August 18, 2022. The purchase price is paid 70.874308 million newly issued iZafe shares at an indicative value of approximately SEK 30 million. iZafe Group AB (publ) (OM:IZAFE B) entered into a share purchase agreement to acquire Pilloxa AB for SEK 13.8 million on November 28, 2022. The purchase price is paid through a directed offsetting issue of a total of 50 million shares in iZafe. The acquisition is subject to approval at an extraordinary general meeting of iZafe Group AB and expected to take place during Q3 2022. Mangold Fondkommission AB (OM:MANG) acted as a financial advisor to iZafe Group AB (publ).

iZafe Group AB (publ) (OM:IZAFE B) completed the acquisition of acquisiiton of Pilloxa AB on November 28, 2022.