DGAP-News
Capital increase: wallstreet:online AG supports Smartbroker growth with an additional amount of around EUR 8 million
DGAP-News: wallstreet:online AG / Key word(s): Capital Increase/Miscellaneous
Capital increase: wallstreet:online AG supports Smartbroker growth with an additional amount of around EUR 8 million |
- The additional capital is to support the growth course of wallstreet:online capital AG and its online broker, the Smartbroker
- The EUR 10 billion threshold for the Assets under Management will probably be crossed at the beginning of 2022
- The necessary licence extension by the supervisory authority of wallstreet:online capital AG is expected for the first half of 2022
- wallstreet:online AG continues to hold more than 95% in wallstreet:online capital AG. A squeeze-out of the minority shareholder is scheduled for the beginning of 2022
Berlin, 1 December 2021
wallstreet:online AG (ISIN DE000A2GS609), the by far largest publisher-independent financial portal operator in German-speaking countries, has subscribed within the framework of a capital increase of its subsidiary wallstreet:online capital AG (WOC), to new shares with a total amount of around EUR 8 million. With the entry in the commercial register carried out, the capital increase was successfully completed.
As a result of the additional capital, the necessary financial resources to continue to advance its growth will accrue to WOC. The Executive Board of wallstreet:online AG expects that the extension of the existing licences as an investment institution applied for by WOC, will be granted by the Federal Financial Supervisory Authority (BaFin) during the first half of 2022. In this way, WOC will have the ability to efficiently and valuably optimise its entire business model, to generate a new, digital customer experience.