EQS-News

Heliad AG: Registration of merger and renaming of FinLab AG to Heliad AG completed

EQS-News: FinLab AG / Key word(s): Merger Heliad AG:  Registration of merger and renaming of FinLab AG to Heliad AG completed 13.10.2023 / 10:58 CET/CEST The issuer is solely responsible for the content of this announcement. Registration of merger and renaming of FinLab AG to Heliad AG completed

Highlights following the merger:

• Increase in Net Asset Value (NAV) to c. EUR 150 million.
• Investments in some of the most promising German start-ups, including Enpal B.V.
  and Raisin GmbH with a cumulative NAV of c. EUR 45 million.
• More than EUR 70 million NAV in other non-publicly listed investments.
• Share of c. 4.7% in the publicly listed flatexDEGIRO AG.
• No management and performance fees; Net expense ratio to NAV of less than 2%.
• Increase in free float to c. 40% and improved corporate governance.

 

Frankfurt am Main, October 13, 2023 – Heliad AG (formerly FinLab AG) is pleased to announce today that the merger of Heliad Equity Partners GmbH & Co. KGaA into Heliad AG (formerly FinLab AG) has been successfully registered in the commercial register and has thus become effective. Following the registration of the merger, the planned renaming of the merged company to Heliad AG also became effective.

The operational merger of the two companies can thus be completed in the short term. The shares of the "new" Heliad AG will continue to be listed on the Frankfurt Stock Exchange (open market / MTF) under the stock ticker A7A and ISIN DE0001218063.

The merger offers considerable advantages for shareholders. On the one hand, the critical mass increases to c. EUR 150 million net asset value, this includes stakes in some of the most promising German start-ups - in particular Enpal and Raisin, which together represent a Net Asset Value of more than EUR 45 million. Both companies were able to close significant financing rounds despite a difficult market environment and benefit from growth trends in renewable energy and an adjusted interest rate environment.