HODL SPAC Europe AB: Year-end report 2022
HODL SPAC Europe AB publishes the Year-end report for the period January - December 2022. Please find the report attached or available at the website (www.hodlspac.se). Presented below is a summary of the report. The report in full is only available in Swedish. N.B. this is a translation of the Swedish version, and should there be differences, the Swedish version prevails.
"Our first priority is to create long term value for our shareholders. Therefore, we communicated, already at the listing of the share, that we could expand our search beyond the communicated investment criteria. Hence, our focus is mainly on finding a profitable and growing company, but that ideally has a growth potential that would attract the market when market sentiment changes and focus once again turns back to growth. Currently, we see it as unlikely that an acquisition will be found in the blockchain sector." - Vahid Toosi, CEO
Full year 2022
● Earnings per share was SEK -0.08 (-0.11) for the period.
● Profit after tax for the period was TSEK -628.5 (-223.4).
● Cash and cash equivalent amounted to TSEK 28,973.7 (10,891.1).
Significant events during and after the period
● The share issue was oversubscribed and the share was listed on Spotlight Stock Market on January 21, 2022.
● The Annual Shareholders Meeting was held on May 23, 2022.
Proposed dividend
● The Board proposes that no dividend is paid for the financial year.
Financial report in summary.
TSEK Full year 2022
Operating profit/loss -662.52
Operating profit after tax -628.5
Cash flow from operations -917.3
Cash flow for the period 18,082.7
Cash and cash equivalents 28,973.79
Note: Previous period in parentheses. The company was founded 19 October 2021, which means that the comparative period is shorter.