Spiffbet AB, currently in the process of changing its name to Byhmgard AB (the "Company"), has received conditional approval for continued listing on NGM Nordic SME.
The Company is currently under observation status on NGM Nordic SME following the announcement of its intention to complete a reverse acquisition of Byhmgard AB ("Byhmgard"). The reverse acquisition (the "Transaction") constitutes a significant change in the Company's operations pursuant to Section 3.2 of the Nordic Growth Market ("NGM") Nordic SME Rulebook (the "Rulebook"). As a result, the Company has undergone a new listing review and has now received conditional approval for continued listing on NGM Nordic SME.
Byhmgard is a Swedish energy technology group focused on the development, construction and operation of large-scale battery energy storage systems. Founded in 2021, the Company has established itself as a player in the Nordic market. Headquartered in Stockholm, with offices in Halmstad, Byhmgard currently operates more than 270 active facilities.
NGM's listing decision is conditional upon (i) the Company completing the Transaction, (ii) the Company holding a second control meeting confirming that its equity has been restored, and (iii) no new information emerging which would affect the Company's compliance with the listing requirements.
The Company's observation status will remain in place until all conditions for the listing decision have been fulfilled.
Learn more about Byhmgard at www.byhmgard.com
For further information, please contact:
The Listing Department, Nordic Growth Market, notering@ngm.se
Carl-Henrik Nordberg, Head of Equity, Nordic Growth Market, carl-henrik.nordberg@ngm.se