Nasdaq First North-listed RightBridge Ventures Group AB's Board of Directors has decided to discontinue an arbitration proceeding against Blue Horizon Investment ApS.
The former management and board of directors of RightBridge Ventures Group AB considered that a lock-up agreement had been breached, which had been communicated. The new board has decided to discontinue the matter in view of the company’s financial situation. The board is working on finding a long term financial solution for the company.
"The new Board of Directors has reviewed the matter and made the assessment that to discontinue ongoing arbitration proceedings against Blue Horizon is in the best interests of the company and therefore this process is terminated with immediate effect," says Claes Kalborg, newly appointed CEO of RightBridge Ventures. The chairman of the board was not part of the decision due to the nature of the matter.
For further information, please contact:
Claes Kalborg, CEO of RightBridge Ventures Group, tel 073 – 444 55 07
This information is information that RightBridge Ventures Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submited for publication, through the agency of the contact persons set out above, on 30/10/2023.
RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on Twitter on Instagram and LinkedIn.
RightBridge Ventures Group AB (publ)'s shares are traded on the Nasdaq First North Growth Market and Amudova AB is a Certified Adviser.