Fiinu Plc recently received shareholder approval for its acquisition of Everfex P.S.A., a company specializing in providing currency hedging services designed for small and medium enterprises impacted by fluctuations in the Polish Zloty against major currencies.
This acquisition is categorized as a reverse takeover according to AIM Rule 14, and it remains dependent on the fulfillment of several conditions outlined in the Acquisition Agreement, Subscription, and Admission processes.
The deal, which amounts to £12 million, was first disclosed on August 6, 2025. The primary consideration of £8 million is set to be executed through the issuance of 80 million new ordinary shares in Fiinu at a price of 10p per share to Granicus Holdings O.Ü., the entity owning Everfex. An additional £4 million could potentially be paid after January 1, 2026, contingent upon Everfex meeting specific performance targets. This would also involve the issuance of another 20 million new ordinary shares at a price of 20p each for the extra consideration.
Furthermore, Fiinu is looking to raise approximately £0.8 million via a conditional subscription of new ordinary shares at the proposed issue price.
This move is part of Fiinu’s strategic plans to enhance its service offerings and expand its market presence, particularly in the currency management sector for businesses with exposure to currency risk.