On August 31, 2023, Rightbridge Ventures Group AB (the "Company") was given observation status with reference to material adverse uncertainty in respect of the Company's financial position.
On June 9, 2025, the observation status was updated with reference to information that its subsidiary Rightbridge Ventures AB had filed for bankruptcy.
Today, June 25, 2025, the Company issued a press release with information that the Company has entered into a non-binding letter of intent regarding a reverse takeover with Swemar Invest Corp.
According to item 2.5.1 of the Nasdaq First North Growth Market Rulebook, the Exchange may for an issuer that undergoes substantial changes initiate a renewed review process of the issuer's fulfilment of applicable admission requirements. With reference to the planned reverse takeover, the Exchange has decided that the Company shall undergo such a review process, after which the Exchange will decide whether to admit the Company's shares for continued trading on Nasdaq First North Growth Market.
The rules of Nasdaq First North Growth Market also state that an issuer may be given observation status if it has been the subject of a reverse take-over or otherwise plans to make or has been subject to an extensive change in its business or organization so that the issuer upon an overall assessment appears to be an entirely new company.
With reference to the above, Nasdaq Stockholm AB decides to update the observation status for the shares in Rightbridge Ventures Group AB (RIGHTB, ISIN code SE0019070749, order book ID 249469).
For further information about this exchange notice please contact Enforcement & Investigations, telephone +46 8 405 70 50.
