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On June 5, Hilbert Group AB (Nasdaq: HILB B), a crypto investment firm focused on Web3 technologies, announced that it has secured an exclusive option to acquire 100% of Nordark, a Nordic crypto banking platform backed by Nordfinex Holding AB. Nordark reportedly has a loan demand pipeline valued at $2.5 billion.
Under the agreement, Hilbert has acquired a 5% equity stake in Nordark and a call option to purchase the remaining 95% of the company. The option is valid until August 31, 2025, allowing Hilbert to have time to complete a full due diligence process. If exercised, the acquisition will be completed through the issuance of new Hilbert Group shares based on a fixed exchange ratio.
The arrangement gives Hilbert an early strategic position in Nordark while deferring full ownership until the review process is complete. If completed, Nordark would become a wholly owned subsidiary of Hilbert Group.
Additionally, Nordark’s largest external investor, John Lilic, known for his investments in the crypto sector, will join Hilbert Group as a board adviser as part of the agreement.
Image: Freepik
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