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Mandates | 2021-02-22

TM & Partners legal advisors to Arcane Crypto AB in connection with directed issue

Arcane Crypto AB (“Arcane Crypto”) has completed a directed issue of shares to two investors, raising approximately SEK 49.5 million before transaction costs. As part of the transaction, Arcane Crypto has also completed a directed issue of warrants which, if exercised, would raise an additional approximately SEK 24.75 million.

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane Crypto’s aim is to become a leading global powerhouse of crypto through scale up of current businesses, new investments in cutting edge projects and M&A.

TM & Partners acted as legal advisor to Arcane Crypto in connection with the directed issue. TM & Partners’ team consisted of Johan Wigh (partner), Hanna Hillgren (associate) and Sebastian Hellesnes (associate). Pareto Securities AB acted as Settlement Agent in connection with the directed issue.