Fiinu Plc has received approval from its shareholders for the acquisition of Everfex P.S.A, a firm specializing in currency hedging solutions tailored for small and medium-sized businesses facing volatility with the Polish Zloty against major currencies. This acquisition has been categorized as a reverse takeover in line with AIM Rule 14.
The announcement regarding the £12 million transaction was first made on August 6, 2025. The initial payment will consist of £8 million, which will be provided by issuing 80 million new ordinary shares of Fiinu. The shares will be allocated to Granicus Holdings O.Ü., the sole owner of Everfex, at a rate of 10 pence per share. Additionally, there is an opportunity for a further £4 million to be paid following January 1, 2026, contingent upon Everfex meeting specific performance targets. This future payment would involve issuing an additional 20 million shares at a price of 20 pence each.
To facilitate this acquisition, Fiinu plans to raise about £0.8 million through a conditional subscription of new ordinary shares, which will also be issued at a specified price.
The successful completion of this acquisition is dependent on finalizing all agreements and fulfilling any outstanding conditions. This move is anticipated to bolster Fiinu’s offerings in the foreign exchange space, particularly by enhancing its services for businesses that require currency risk management solutions.
Overall, this strategic acquisition aims to position Fiinu to better support its clients operating in an increasingly dynamic forex environment while tapping into the expertise and client base of Everfex.