Announcement • Jan 15
BrandBee Holding AB (publ) (NGM:BRANDB) entered into an agreement to acquire Ådata infosystem AB and Itevo AB from Mavshack AB (publ) (OM:MAV) for SEK 9.3 million. BrandBee Holding AB (publ) (NGM:BRANDB) entered into an agreement to acquire Ådata infosystem AB and Itevo AB from Mavshack AB (publ) (OM:MAV) for SEK 9.3 million on January 14, 2025. The consideration consists of SEK 3 million in cash and issue of 9 million new shares of BrandBee Holding AB (publ) having a value of SEK 6.32 million. The cash portion is financed with a loan from a shareholder at market interest. For the period ending December 31, 2024, Ådata infosystem AB and Itevo AB reported total revenue of SEK 11 million.
The transaction is subject to approval by the board of directors of BrandBee Holding AB and Mavshack AB. New Risk • Jun 07
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -kr7.4m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr1.9m free cash flow). Share price has been highly volatile over the past 3 months (60% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr9.8m revenue, or US$940k). Market cap is less than US$10m (kr757.3k market cap, or US$72.8k). Minor Risk Negative equity (-kr7.4m). New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr5.2m free cash flow). Share price has been highly volatile over the past 3 months (62% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (kr1.14m market cap, or US$104.6k). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (kr17m revenue, or US$1.5m). 
