Following the announcement on 14 April 2025, Done.ai Group AB ("Done.ai") is pleased to confirm the successful completion of the first closing in its acquisition of Huddlestock Fintech AS's ("Huddlestock") Nordic Investment-as-a-Service ("IaaS") platform (the "Transaction").
As part of this first closing of the Transaction, Done.ai has taken over ownership of Huddlestock AB and Huddlestock Technologies AB, in accordance with the planned transaction timeline, and completed the settlement of MNOK 10 in cash and MNOK 56 as a seller's credit note (the "Seller's credit").
The second and final closing, including the transfer of ownership of Huddlestock Investor Services AS ("HIS"), will occur upon approval from the Norwegian Financial Supervisory Authority (Finanstilsynet). Following the final closing the Transaction the Seller's credit will be increased to approximately MNOK 71.
The Seller's Credit is convertible into shares in Done.ai by 15 August 2025.
For further details, please refer to the initial announcement.
For further information please contact:
Staffan Herbst, CEO and CFO
Tel: +46 10 490 07 00, ir@done.ai
Certified Adviser
The Certified Adviser to 24SevenOffice on Nasdaq First North Growth Market is Partner Fondkommission.
Address: Lilla Nygatan 2, 411 09 Gothenburg
Telephone: +46 (0)31-761 22 30
Website: partnerfk.com
About Done.ai
Done.ai has entered a new chapter marking its transformation from a traditional ERP vendor into a one-stop shop for modern businesses, offering an integrated suite of AI-powered tools that span the full operational workflow. With a modular, API-first architecture, businesses can manage their entire value chain, from first customer touchpoint to back-end accounting, fully integrated in one automated, end-to-end platform.
Through the integration of embedded financial services such as automated treasury management, payment solutions, spend management, and open banking, Done.ai aims to redefine how businesses manage liquidity and financial operations. These services will initially be launched through an exclusive three-year distribution agreement to 24SevenOffice's extensive customer base, ensuring rapid rollout and adoption.
Combining deep technological expertise, strategic partnerships, and AI-driven automation, Done.ai delivers real-time financial control, operational efficiency, and unmatched scalability, positioning the company as a leading AI-native fintech platform for the business sector.
Done.ai is headquartered in Sweden and listed on Nasdaq First North Growth Market under the ticker DONE.
