{"id":13440,"date":"2021-08-11T13:27:45","date_gmt":"2021-08-11T10:27:45","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=13440"},"modified":"2021-08-11T13:27:45","modified_gmt":"2021-08-11T10:27:45","slug":"signing-the-investment-agreement-with-nenos-software-nonlinear","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/","title":{"rendered":"Signing the investment agreement with Nenos Software &#038; Nonlinear"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs the investors about the signing of the agreement for taking over the majority share package in the software developer Nenos Software SRL and in Nonlinear SRL.<br \/>\nThe value of the transaction is RON 4,850,000 for 60.97% of Nenos Software and will be paid as follows:<\/p>\n<ul>\n<li>50% of the transaction price (the amount of RON 2,425,000) by bank transfer to the account of the sole shareholder of Nenos Software;<\/li>\n<li>50% of the transaction price will be settled with Bittnet shares that will be allocated to sole shareholder of Nenos, in an operation that will be completed with a capital increase. The actual number of BNET shares to be issued will be determined in accordance with art.210(2) of Law 31\/1990 and art. 87-88 of Law 24\/2017 for issuers of financial instruments and market operations, and art. 174 from FSA Regulation no. 5\/2018.<\/li>\n<\/ul>\n<p>For the acquisition of 60% of shares in Nonlinear SRL, the transaction price is RON 120 and is equal to the nominal value of the transferred shares.<br \/>\nBy taking over the majority in Nenos Software SRL and Nonlinear SRL, Bittnet consolidates its position in the software development division, also entering the artificial intelligence sector.<br \/>\nNenos Software has over 7 years of experience in software development, and the company offers a wide range of solutions built using human and artificial intelligence. In both acquired companies, the remaining participations will be held by the founder Toader Toporau. These companies will strengthen the software development pole of the Bittnet group, which was established in December 2020 by acquiring 25% of shares of Softbinator Technologies SA.<br \/>\nThe two M&amp;A transactions will be subject to ratification by the Extraordinary General Meeting of Shareholders on September 7, 2021.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2021\/08\/CR49-current-report-engl-2021.pdf\">CR49\/10.08.2021<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cCompany\u201d \/ \u201cIssuer\u201d) informs the investors about the signing of the agreement for taking over the majority share package in the software developer Nenos Software SRL and in Nonlinear SRL. The value of the transaction is RON 4,850,000 for 60.97% of Nenos Software and will be paid as...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389],"tags":[],"class_list":["post-13440","post","type-post","status-publish","format-standard","hentry","category-current-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Signing the investment agreement with Nenos Software &amp; Nonlinear - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing the investment agreement with Nenos Software &amp; Nonlinear - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T10:27:45+00:00\" \/>\n<meta name=\"author\" content=\"Lucian Bratu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NA\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucian Bratu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Signing the investment agreement with Nenos Software &#038; Nonlinear\",\"datePublished\":\"2021-08-11T10:27:45+00:00\",\"dateModified\":\"2021-08-11T10:27:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\",\"name\":\"Signing the investment agreement with Nenos Software & Nonlinear - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2021-08-11T10:27:45+00:00\",\"dateModified\":\"2021-08-11T10:27:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signing the investment agreement with Nenos Software &#038; Nonlinear\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. Upgraded.\",\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\",\"name\":\"Bittnet Group\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"contentUrl\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"width\":807,\"height\":442,\"caption\":\"Bittnet Group\"},\"image\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/BittnetSystems\/\",\"https:\/\/twitter.com\/NA\",\"http:\/\/na\",\"https:\/\/www.linkedin.com\/company\/bittnet-group\/\",\"https:\/\/www.youtube.com\/user\/BittnetSystems\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\",\"name\":\"Lucian Bratu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g\",\"caption\":\"Lucian Bratu\"},\"url\":\"https:\/\/investors.bittnet.ro\/en\/author\/lucian-bratu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Signing the investment agreement with Nenos Software & Nonlinear - Bittnet Investors Relations Site","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/","og_locale":"en_US","og_type":"article","og_title":"Signing the investment agreement with Nenos Software & Nonlinear - Bittnet Investors Relations Site","og_url":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/","og_site_name":"Bittnet Investors Relations Site","article_publisher":"https:\/\/www.facebook.com\/BittnetSystems\/","article_published_time":"2021-08-11T10:27:45+00:00","author":"Lucian Bratu","twitter_card":"summary_large_image","twitter_creator":"@NA","twitter_site":"@NA","twitter_misc":{"Written by":"Lucian Bratu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#article","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/"},"author":{"name":"Lucian Bratu","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b"},"headline":"Signing the investment agreement with Nenos Software &#038; Nonlinear","datePublished":"2021-08-11T10:27:45+00:00","dateModified":"2021-08-11T10:27:45+00:00","mainEntityOfPage":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/"},"wordCount":302,"publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"articleSection":["Current reports"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/","url":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/","name":"Signing the investment agreement with Nenos Software & Nonlinear - Bittnet Investors Relations Site","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/#website"},"datePublished":"2021-08-11T10:27:45+00:00","dateModified":"2021-08-11T10:27:45+00:00","breadcrumb":{"@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/investors.bittnet.ro\/en\/signing-the-investment-agreement-with-nenos-software-nonlinear\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/investors.bittnet.ro\/en\/"},{"@type":"ListItem","position":2,"name":"Signing the investment agreement with Nenos Software &#038; Nonlinear"}]},{"@type":"WebSite","@id":"https:\/\/investors.bittnet.ro\/en\/#website","url":"https:\/\/investors.bittnet.ro\/en\/","name":"Bittnet Investors Relations Site","description":"Your Value. Upgraded.","publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/investors.bittnet.ro\/en\/#organization","name":"Bittnet Group","url":"https:\/\/investors.bittnet.ro\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/","url":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","contentUrl":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","width":807,"height":442,"caption":"Bittnet Group"},"image":{"@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BittnetSystems\/","https:\/\/twitter.com\/NA","http:\/\/na","https:\/\/www.linkedin.com\/company\/bittnet-group\/","https:\/\/www.youtube.com\/user\/BittnetSystems"]},{"@type":"Person","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b","name":"Lucian Bratu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/513b65b0b016358dca547a602245f3f3e266929435b0a2b192f812114d4f144d?s=96&d=mm&r=g","caption":"Lucian Bratu"},"url":"https:\/\/investors.bittnet.ro\/en\/author\/lucian-bratu\/"}]}},"_links":{"self":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/13440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/comments?post=13440"}],"version-history":[{"count":1,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/13440\/revisions"}],"predecessor-version":[{"id":13441,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/posts\/13440\/revisions\/13441"}],"wp:attachment":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/media?parent=13440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/categories?post=13440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/tags?post=13440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}