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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. FURTHER RESTRICTIONS APPLY. SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE
Flat Capital AB (publ) ("Flat") publishes its interim report for January-June 2023 where the Net Asset Value (NAV) per share amounts to 9.93 SEK, which corresponds to a decrease of -0.7% for the quarter. During the last quarter, we have made two investments; 3 MUSD, corresponding to approximately 32 MSEK, in OpenAI, the company behind the ChatGPT platform, and 2 MUSD, corresponding to approximately 21 MSEK, in the existing portfolio company Getir
Flat Capital AB (publ) ("Flat") invests an additional USD 2.0 million, approximately SEK 21 million, in the existing portfolio company Getir, one of the world's leading logistics and technology companies offering hyper-fast delivery. The investment is made through a convertible loan and is expected to have an indicative positive effect on Flat's net asset value corresponding to approximately 5.4 MSEK, or 0.17 SEK per share. In addition to Flat, the shareholder list includes prominent investors such as Silicon Valley-based Sequoia Capital and Mubadala Investment Company
The annual general meeting (“AGM”) of Flat Capital AB (publ), 556941-0110, (the "Company") took place today, May 4, 2023. The AGM was conducted with both physical participation and postal voting.The AGM resolvedon all proposed matters in accordance with previously published proposals. Below