Oslo, April 15, 2025 - Norwegian Block Exchange AS (NBX), a leading digital
asset service provider in the Nordics.
NBX today announced a debt-to-equity conversion, strengthening the company's
financial position and supporting its continued growth strategy.
The transaction involves the conversion of approximately NOK 5,9 million of
outstanding debt into equity shares at NOK 0,27, improving NBX's balance sheet
structure and reducing ongoing interest expenses. The conversion price reflects
confidence in NBX's future growth potential and current market position. The
conversion is from Observatoriet Invest AS, a company closely associated with
board member Bjørn Kjos and board member Vegard Kristiansen. It is expected that
the transaction closes in may when shares are issued subject to relevant
approvals. Interest expenses on the remaining convertibles were reduced from 15%
to 9,9% as at 31.3.2025.
About Norwegian Block Exchange (NBX)
Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency
exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers
secure trading of digital assets, custody solutions, and blockchain technology
services for retail and institutional clients. NBX is committed to providing a
compliant trading environment with robust security measures and transparent
operations. The company issued the first credit card in the world with BTC
cashback.