Less bang for the buck

Creaspac is a Swedish acquisition company, a so-called Special Purpose Acquisition Company (SPAC), which was established at the initiative of Creades in March 2021. The company's objective was to acquire and list a previously unlisted company with a market value in the order of USD 1.8–4.4 billion. Should the company not make any acquisitions, the entire purchase price will be refunded to the investors. We chose to buy 200 shares in (SPAC) in 2021.

At the extraordinary general meeting of Creaspac AB on July 17, 2024, it was decided that the company would go into liquidation and that an automatic redemption procedure would be carried out before then. Nasdaq Stockholm approved Creaspac's application for delisting and decided that the last day for trading would be Thursday, July 25, 2024.

We have received our purchase money back and will invest it for a return this time. Should a similar opportunity arise in the future, it is possible that we will take a chance again.