Nasdaq Stockholm AB: The observation status for Urb-it AB (publ) is updated (623/23)

On November 20, 2023, the shares in Urb-it AB (publ) (the "Company") were given
observation status with reference to material adverse uncertainty in respect of
the issuer's financial position. 

Today, on December 1, 2023, the Company disclosed a press release with
information that the Company makes further write-downs of assets and that the
Company has prepared a balance sheet for liquidation purposes. As a
consequence, the Company will summon an extraordinary general meeting to
resolve on whether to liquidate the Company. 

The rules of Nasdaq First North Growth Market state that a listed company may
be given observation status if any circumstance exists that results in
substantial uncertainty regarding the issuer or the pricing of its financial
instruments. 

With reference to the above, Nasdaq Stockholm AB decides to update the
observation status for the shares in Urb-it AB (publ) (URBIT, ISIN code
SE0009921034, order book ID 140232). 

For further information concerning this exchange notice please contact
Enforcement & Investigations, telephone [phone]. 

Nasdaq Stockholm AB