H100 | Crypto

The Swedish health-tech company moved closer to becoming one of Europe's largest publicly traded Bitcoin treasury firms after shareholders approved a key condition for its planned acquisition of two Norwegian investment companies. Shareholders of Sweden's H100 approved the issuance of shares needed to complete the company's acquisition of Moonshot AS and Never Say Die AS, clearing a key condition for a transaction that would increase its Bitcoin holdings from 1,051 BTC to approximately 3,500 BTC. The approval allows H100, a Nordic SME-listed health technology company, to acquire the two Norwegian investment firms, which collectively hold about 2,450 Bitcoin, in exchange for newly issued H100 shares. Under terms announced in March, the owners of Moonshot and Never Say Die would become majority shareholders of H100, owning roughly 70% of the combined company following the transaction. Source: H100Group Read more

H100 signed a letter of intent to acquire two Bitcoin treasury companies and their BTC holdings, which could make it the second-largest Bitcoin treasury company in Europe. Sweden-listed health-tech and Bitcoin (BTC) treasury company H100 Group has entered into a letter of intent (LOI) with the shareholders of privately-held Norwegian Bitcoin companies Moonshot and Never Say Die to acquire all shares of the target companies in exchange for newly issued H100 stock. The proposed transaction would be completed with newly issued H100 shares and no cash consideration, a structure intended to preserve the sellers’ Bitcoin exposure while moving the assets into a larger listed vehicle, according to a Monday press release. A definitive agreement is expected by April 22, with closing targeted after H100’s annual general meeting. H100’s public materials currently show inconsistent AGM dates: its investor-relations calendar lists April 21, while a March 12 company notice referred to an AGM on May 21. Read more

Adam Back-backed Bitcoin treasury Future Holdings has agreed to a takeover proposal from Sweden-listed H100 Group as it eyes expansion into Switzerland. Future Holdings AG, a Switzerland-based Bitcoin treasury company backed by industry veteran Adam Back, has agreed to preliminary terms that may see it acquired by Sweden-listed H100 Group. The Swiss Bitcoin (BTC) treasury company on Monday announced it had entered a non-binding letter of intent with H100 covering the potential acquisition of 100% of its shares. “Combining Future with H100 creates a public-market platform and governance framework that we believe is essential for building long-term institutional credibility in the Swiss market,” Future Holdings’ chairman Richard Byworth said in a joint statement. Read more