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ARCANE ENTER INTO AN AGREEMENT FOR THE SALE OF 100% OF THE SHARES IN TRIJO

ARCANE ENTER INTO AN AGREEMENT FOR THE SALE OF 100% OF THE SHARES IN TRIJO

Stockholm, 31 August 2022

Arcane Crypto AS, a fully owned subsidiary of Arcane Crypto AB, has entered into an agreement to sell its Swedish crypto exchange, Ijort Invest AB (“Trijo”), to GreenMerc AB (publ).

The transaction is expected to close during the third quarter of 2022 and will not have a material impact on Arcane’s result.

Torbjørn Bull Jenssen, CEO of Arcane Crytpo, said, “With our strategic focus on a pan-European offering, targeting High Net Worth Individuals, Wealth Managers, and the Private Wealth segment, Trijo as a local retail play has become less relevant to Arcane. Selling to Green Merc, secures the continued operation of Trijo, to the benefit of Trijo’s loyal customers, and further focus for Arcane to double down on our core strategy.

Arvid Börje Ramberg, CEO of GreenMerc, says, “We are happy to acquire and continue to operate Trijo. GreenMerc’s self-developed liquidity engine and marketplace provides the basis for developing GreenMerc’s services to deliver maximum customer value. There are strong synergies between Trijo and GreenMerc with no overlapping functions – a perfect match.”

For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail:
web: investor.arcanecrypto.se

About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: , web: www.mangold.se

The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EUs Market Abuse Regulation (MAR). This information was submitted for publication at 19:50 (CEST) on 31 August 2022, through the agency of the CEO.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

ARCANE CRYPTO RESOLVES ON A DIRECTED SET-OFF ISSUE OF SHARES TO BULLTECH AS AS AN ADDITIONAL CONSIDERATION FOR THE ACQUISITION OF KAUPANG KRYPTO AS

ARCANE CRYPTO RESOLVES ON A DIRECTED SET-OFF ISSUE OF SHARES TO BULLTECH AS AS AN ADDITIONAL CONSIDERATION FOR THE ACQUISITION OF KAUPANG KRYPTO AS

02 September 2022

The Board of Directors of Arcane Crypto AB (“Arcane Crypto” or the “Company”) has today, based on authorization from the general meeting of shareholders held on 10 May 2022, resolved to issue 58,452,374 new shares to Bulltech AS (the “Seller”), as an additional consideration (the “Additional Consideration”) in accordance with the share purchase agreement of Kaupang Krypto AS (“Kaupang”), which was announced on 13 October 2020. The Seller is entitled to the Additional Consideration due to Kaupang meeting agreed turnover targets.

On 13 October 2020, Arcane Crypto announced that the Company’s subsidiary Arcane Crypto AS had entered into a share purchase agreement regarding the acquisition of all shares in Kaupang from Bulltech AS in which the consideration consisted of (i) NOK 1,000,000 in cash and (ii) NOK 18,500,000 which were set-off against shares in Arcane Crypto. In addition, the Seller is also entitled to the Additional Consideration. As the terms and conditions regarding the Additional Consideration under the share purchase agreement have been met, the Board of Directors of Arcane Crypto has today resolved on and completed a directed set-off issue of shares in Arcane Crypto to the Seller in order to settle the Additional Consideration.

Based on authorization from the Annual General Meeting held on 10 May 2022, the Board of Directors of Arcane Crypto has resolved upon and completed a directed set-off issue of 58,452,374 shares, meaning that the Company’s share capital will increase by SEK 213,276.57120. The right to subscribe has, with deviation from the shareholders’ preferential rights, been given to the Seller of Kaupang, i.e., Bulltech AS. The reason for the deviation from the shareholders’ preferential rights is to fulfil the Company’s obligations towards the Seller under the share purchase agreement and thus set-off the Seller’s claim regarding the Additional Consideration for Kaupang.

Payment was made by way of set-off of the Seller’s claim under the share purchase agreement, which corresponds to a subscription price of SEK 0.184250001548269 per share. The number of issued shares corresponds to a dilution of approximately 0.67 percent of the total number of shares in Arcane Crypto. The subscription price was agreed in the share purchase agreement based on the volume-weighted average price of Arcane Crypto’s share on Nasdaq First North Growth Market the sixty (60) trading days immediately preceding 31 December 2021.

The Seller has accepted a lock-up for the Additional Consideration for a period of 24 months from the closing date of the acquisition of Kaupang. However, the Seller shall be entitled to sell shares up to an amount of SEK 3,000,000.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

e-mail:

Web: investor.arcanecrypto.se

About Arcane Crypto

Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: , web: www.mangold.se

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Ballard inks contract with Stadler to supply fuel cell engines to power first hydrogen train in United States

VANCOUVER, BC and BUSSNANG, Switzerland, Sept. 26, 2022 – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order from Stadler Rail AG (“Stadler”; www.stadlerrail.com), a leading manufacturer of rolling stock, for the supply of six 100 kW FCmove^TM-HD+ fuel cell engines to power the first hydrogen train in the United States.

The contract to provide the hydrogen-powered train was awarded to Stadler by San Bernardino County Transportation Authority (SBCTA), with the option of additional trains in the future. The train is expected to be in service in San Bernardino, California in 2024 and will seat over 100 passengers.

“We continue to see the critical role hydrogen will play in decarbonizing our economy. We are excited to work with Stadler, a global industry leader in rail manufacturing, to reduce emissions in the transportation sector and bring the first hydrogen powered, zero emission passenger train to the United States,” said Randy MacEwen, Ballard CEO.

Martin Ritter, CEO of Stadler US commented, “Stadler is committed to designing and building green technology for the transportation industry. We are delighted to work alongside innovative organizations, like SBCTA and Ballard, that share our enthusiasm to reduce emissions in the sector. It is a great honor to be a part of bringing the first hydrogen-powered train to the United States.”

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP) (TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated product performance and other characteristics, product deliveries and deployments. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.

These statements involve risks and uncertainties that may cause Ballard’s actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent Annual Information Form. Readers should not place undue reliance on Ballard’s forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.

About Stadler Rail

Stadler has been building trains for 80 years. The provider of mobility solutions in rail vehicle construction, service and signaling technology has its headquarters in Bussnang, eastern Switzerland. It has a workforce of over 13,000 based in various production and engineering locations as well as more than 70 service locations. The company is conscious of its social responsibility for sustainable mobility and therefore stands for innovative, sustainable and durable quality products. The product range in the field of mainline railways and city transport includes high-speed trains, intercity trains, regional and suburban trains, metros, tramways and trams. Stadler also manufactures main-line locomotives, shunting locomotives and passenger carriages. It is the world’s leading manufacturer in the rack-and-pinion rail vehicle industry.

SOURCE Ballard Power Systems Inc.

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