Punktid Technologies AS (hereinafter referred to as the "Company") hereby announces that the negotiations with the Hong Kong-registered investor based on the non-binding Memorandum of Understanding (MOU) signed on November 11, 2025 have ended and the Management Board has decided to terminate the process.
During the negotiations, the parties failed to reach an agreement on the final terms of the transaction, including the final structure of the transaction and the division of responsibilities of the parties. It was also not possible to reach a consensus on several fundamental issues concerning the impact of the proposed transaction on the Company and its shareholders.
Based on the above and considering the Management Board's obligation to act in the best interests of the Company and all shareholders, the Management Board decided to terminate the negotiations.
The Company continues to actively negotiate with other potential investors and strategic partners regarding possible forms of cooperation. The market will be informed of any significant developments promptly in accordance with applicable requirements.
https://view.news.eu.nasdaq.com/view?id=1399947〈=en
Additional information:
Hannes Niid
Management Board Member of Punktid Technologies AS
E-mail: invest@punktid.com