Company History
Current Status
(4Q 2025)
As of Q4 2025, Custos is trading on the OTC-listan following its Nasdaq delisting and is evaluating alternative listing options for the future.
The company now has active operational businesses generating revenue. Its US shipyard assets are performing ahead of projections.
The planned acquisition of a Dubai-based offshore oil services company is nearing completion, with due diligence finalized.
The company is also evaluating additional shipyards, marine manufacturing companies, and defense-related businesses for potential acquisition before year-end.
The Board extended the warrant exercise period to March 30, 2026, providing shareholders with sufficient time to participate in the company’s upside potential.
Reverse Takeover & Transformation
(June-September 2025)
On June 25, 2025, RightBridge signed a letter of intent for a reverse takeover by Swemar Invest Ltd, a Cyprus-based company controlled by Per Olav Karlsen and partners. The transaction valued Swemar at approximately SEK 450 million and represented a complete strategic realignment for the struggling company.
As part of this transformation, a new board of directors was installed, with Dagfinn Lunde appointed as Chairman and Per Olav Karlsen taking the role of CEO. The new leadership team brought extensive experience in maritime and defense industries, including shipbuilding, ship owning, and international commercial banking.
The Extraordinary General Meeting held on September 9, 2025, formally approved the reverse takeover. Under the terms of the transaction, RightBridge issued 85.7 billion new shares to Nebulite Holdings Ltd, giving Swemar’s owners 98.67% ownership of the combined entity. An additional 3.6 billion shares were issued to settle outstanding creditor debts.
The EGM also resolved to change the company’s name to “Custos Maritime & Defence Industries AB” to reflect its new focus on maritime and defense sectors. Finally, the meeting approved a warrant program for old shareholders, granting ten warrants for each share held at a strike price of SEK 0.005 per share, demonstrating the new management’s commitment to rewarding legacy shareholders.
On September 23, 2025, Nasdaq delisted the company for “acting too expediently” and completing the reverse takeover without required review processes, despite substantially improved financials.
Origins & Gaming Era
(Pre-2025)
RightBridge Ventures Group AB was originally a public company listed on Nasdaq First North Growth Market, focused on e-sport and gaming investments. By early 2025, the company had wound down all these investments amid financial challenges.
The company has transformed from a failing gaming investment vehicle into an operational maritime and defence holding company with immediate revenue generation and an active acquisition pipeline.