My Beat holds extraordinary shareholder meeting, backs Oyatel acquisition plan
Bitget2026/10/02 09:11- My Beat held an extraordinary general meeting on Oct. 2, 2026, adopting a package of acquisition, financing, and capital-structure resolutions.
- Shareholders endorsed the acquisition of Oyatel AS, approving a set-off share issue of up to 128,140,736 shares as partial consideration.
- Owners backed continued operations, based on a balance sheet showing equity above half of registered share capital; no liquidation decision was taken.
- Approved directed set-off issues to settle debt: up to 4,479,050 shares to Sandbygård Invest, up to 7,654,545 shares to Advisum.
- Adopted amendments enabling a 20-for-1 reverse split, expected to reduce shares to 7,929,992 once implemented; record date not yet set.
- Authorized a capital reduction of SEK 23,076,279.05 to cover losses, with no share cancellation; execution depends on completion of related steps.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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