NORWEGIAN BLOCK EXCHANGE AS
NBX
ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE
Norwegian Block Exchange (NBX) AS: Debt-to-Equity Conversion
Oslo, 4th June 2026. Norwegian Block Exchange AS (NBX), a leading digital asset service provider in the Nordics, today announced a debt-to-equity conversion aimed at strengthening the company's financial position, increasing regulatory capital, and supporting its continued growth strategy.
The transaction involves the conversion of approximately NOK 19.8 million of outstanding convertible debt (including accrued interest) into 73,456,592 new equity shares, improving NBX's balance sheet structure and reducing ongoing interest expenses. This conversion reflects stakeholder confidence in NBX's future growth potential and market position.
The conversion is from Observatoriet Invest AS, a company closely associated with board member Bjørn Kjos; Per Øyan AS, a company closely associated with board member Ingvild Kjerkol; and board member Vegard Kristiansen.
Observatoriet Invest AS: Converted (NOK) 12,599,481. New shares 46,664,744 Vegard Kristiansen: Converted (NOK) 4,060,297. New shares 15,038,135 Per Øyan AS: Converted (NOK) 3,173,503. New shares 11,753,713
Total Converted: (NOK) 19,833,281 New shares: 73,456,592
The agreed-upon contractual conversion price is NOK 0.27, consistent with the price level of NBX's most recent rights issue. Following the conversion, Per Øyan AS and Vegard Kristiansen have no remaining outstanding convertible debt with the company.
This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and Section 5-12 of the Securities Trading Act.
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.