Reverse takeover approved by the EGM
We are pleased to announce that the Extraordinary General Meeting (EGM) held today has approved the reverse takeover of RightBridge Ventures Group AB (publ.) by Nebulite Holdings Ltd, a company controlled by Per Olav Karlsen and partners. This was effected through the sale of 100% of Swemar Invest Ltd (Cyprus) in exchange for the issuance of 85.714.285.714 new shares in RBVG. In addition, 3.578.195.011 shares were issued to certain creditors to settle outstanding debts.
With the engagement of the new majority shareholders, the company has undergone a complete strategic realignment and will now focus on developing and acquiring businesses within the maritime and defence sectors. To reflect this new direction, the EGM resolved to change the company’s name to Cosmos Maritime and Defence Industries AB (publ.)
Warrant programme for existing shareholder
The EGM also approved the previously announced warrant programme for existing shareholders, granting ten warrants per share at a strike price of SEK 0.005, exercisable at any time from today until 15 November 2025. We believe this offer underscores the commitment of the new board and management to respect and reward our shareholders, and to create superior long-term value for all of us.
Status on the new business incorporated
Our shipyard investment continues to perform in line with, and in some respects ahead of, projections. We are particularly pleased to report that two substantial and unexpected repair and maintenance contracts were secured this summer, adding approximately 12–15% to our annual revenue budget. The vessels are already at the yard, and we expect these contracts to contribute an additional USD 2–3 million in EBITDA this year.
Our planned acquisition of the Dubai-based offshore oil services company is nearing completion. Technical, legal, and financial due diligence has been finalized, and contract execution is now in progress. This acquisition will be immediately accretive to Cosmos, and we will provide a further update once the transaction has closed.
In parallel, we are currently evaluating several new opportunities for growth, including additional shipyards, marine manufacturing companies, and defence-related businesses. We aim to add further assets to our portfolio before the end of this year.
Finally, a new corporate website will be launched shortly. In the meantime, please see:
Sincerely,
Board of Directors