Quote
Arcane Crypto has today entered into a share purchase agreement (the "SPA") with Bulltech AS (the "Seller") regarding the acquisition of all the shares in Kaupang Krypto AS ("Kaupang") (the "Kaupang Transaction").
Kaupang Krypto is a Norwegian limited liability company that facilitates the buying and selling of cryptocurrencies and is registered with the Norwegian Financial Supervisory Authority. The acquisition of Kaupang Krypto will strengthen Arcane Crypto’s position within the exchange of cryptocurrencies in Norway.
Kaupang Krypto is a Norwegian limited liability company that facilitates the buying and selling of cryptocurrencies and is registered with the Norwegian Financial Supervisory Authority. The acquisition of Kaupang Krypto will strengthen Arcane Crypto’s position within the exchange of cryptocurrencies in Norway.
https://www.arcane.no/company-updates/arcane-crypto-as-to-acquire-kaupang-krypto-as
So Arcane acquire Kaupang for
- approximately $100,000 in cash
- over $2 million in Arcane Share
- over $1 million Shares depending on the performance of the company
AFAIK, Kaupang was started by just one student in 2017, Nikolai Gobel.