The NAGA Group AG Successfully Clears All Necessary Regulatory Approvals For Merger With Trading App CAPEX.Com


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EQS-News: The NAGA Group AG / Key word(s): Merger
The NAGA Group AG successfully clears all necessary regulatory approvals for merger with trading app CAPEX
09.07.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

The NAGA Group AG successfully clears all necessary regulatory approvals for merger with trading app CAPEX

Hamburg, 9
July 2024 –
The NAGA Group AG (XETRA: N4G , ISIN: DE000A161NR7 ), provider of the all-in-one financial SuperApp NAGA, has successfully cleared all necessary regulatory approvals to merge with Key Way Group Ltd., operating under the CAPEX brand.

As a result, the resolution of the Extraordinary General Meeting held on 12 April 2024 will be implemented. NAGA expects the transaction to be completed by the end of August 2024 merger of NAGA and CAPEX forms one of the world's leading neo-brokers with around 1.5
million users in more than 100 countries.

Octavian Patrascu, CEO of The NAGA Group AG: “With the approval of the merger by the competent regulatory authorities and the associated consent to our plans for the two companies, we have reached a strategic milestone for the future growth of NAGA. I am very much looking forward to further developing the joint company and setting new standards in our industry.”

Invitation to the 2024 Capital Markets Day

The NAGA Group AG cordially invites analysts, investors, shareholders as well as media and partners to virtually join its Capital Markets Day on 11
July 2024, 16.00 CEST. The 2024 Capital Markets Day will provide valuable insights into the strategic vision and growth ambitions of the NAGA Group.

Octavian Patrascu, CEO of The NAGA Group appointed in January, will host the Virtual 2024 Capital Markets Day and elaborate on the Company's latest achievements, its plans for the future, and the innovative path the Group is forging.

To register for the Virtual 2024 Capital Markets Day, please click here .

Following the event, information will be made available in the Investor Relations section of the company's website, which can be found here . This will include a PDF file with the presentation, a full recording of the live event, and additional supporting materials.

About NAGA

NAGA is a leading German Fintech Company offering a SuperApp with the aim to merge social trading, investing in stocks, crypto, and neo banking into one unified platform, powered by its proprietary advanced technology. Operating in over 100 countries with 9 local offices, NAGA offers a diverse range of services for both fiat and cryptocurrencies. The platform features a physical VISA card with fiat and automatic crypto conversion plus cashback, dynamic social feeds, and advanced autocopy functions, enabling users to replicate the strategies of successful traders. Designed for a global community, NAGA provides an inclusive and efficient financial ecosystem for personal finance and trading.

Investor Relations Contact

The NAGA Group AG
Michael Milonas
Co-Founder and Deputy CEO
...


09.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language: English
Company: The NAGA Group AG
Hohe Bleichen 12
20354 Hamburg
Germany
E-mail: ...
Internet:
ISIN: DE000A161NR7
WKN: A161NR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1941501


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