Punktid Technologies AS (hereinafter the Company) announces that on November 11, 2025, a non-binding Memorandum of Understanding (MOU) was signed with an investor registered in Hongkong, the purpose of which is to start a strategic cooperation that may lead to the investor being included in the Punktid Technologies AS group.
According to the MOU, the parties have expressed their intention to enter into binding agreements in the future, under which the investor would acquire a stake in Punktid Technologies AS gradually, in accordance with the fulfillment of agreed goals (milestones), with the aim of ultimately achieving a majority stake in the company. In addition, it is planned that the investor plans to integrate part of its existing business operations into the Punktid Technologies AS group, which would increase the volume of the group and expand the company's operations in foreign markets.
Within the framework of the proposed cooperation, the MOU stipulates that after the conclusion of the final agreements and the entry into force of the initial transaction stages, the investor may initiate changes in the company's management structure, including nominating candidates for the Management Board and Supervisory Board of Punktid Technologies AS. At the same time, the company's founder and current member of the Management Board, Hannes Niid, will continue to manage the subsidiary operating under the Punktid.com brand, focusing on the development of the group's core business and digital sales platforms.
The purpose of the transaction is to strengthen the capital structure of Punktid Technologies AS, increase operational capabilities and create prerequisites for the group's growth in new markets. The proposed cooperation would create a basis for the consolidation of the company's operations and support the strategic goal of moving to more active trading markets outside the Baltic region in the future.
Since this is a non-binding memorandum of understanding, the intentions described in this announcement are not binding and may change during the negotiations. Punktid Technologies AS will publish further information on the progress of the transaction in accordance with the disclosure requirements of Nasdaq First North.
Additional information:
Hannes Niid
Management Board Member of Punktid Technologies AS
E-mail: invest@punktid.com