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ANNOUNCEMENT

Oct 20 • Written by Petri Ekholm

MobiBank’s Journey Towards OTC Listing in the USA

A milestone update on the steps underway as MobiBank initiates the IPO process with the goal of listing on the OTC market in the United States.

Dear Valued MobiBank Community,
We have concluded a pivotal meeting with legal experts in Miami. The outcome is monumental: MobiBank is initiating the IPO process with the goal of listing on the Over The Counter (OTC) market in the United States.

READ FULL ANNOUNCEMENT

I am thrilled to share a momentous milestone in our journey - an achievement that signals a giant stride towards our mission of expanding access to MobiBank and shaping the future of modern banking.

Today, I am delighted to announce that MobiBank is embarking on an exciting path. We have just concluded a pivotal meeting with legal experts in the vibrant city of Miami, and the outcome is monumental: MobiBank is initiating the Initial Public Offering (IPO) process with the goal of listing on the Over The Counter (OTC) market in the United States.

Our journey towards OTC listing involves several significant steps that form the bedrock of our future:

  • 1

    Recognized by Mastercard

    Recognized by Mastercard as one of the top 15 high-tech companies globally, MobiBank is poised for remarkable growth and success.

  • 2

    For investors

    MobiBank share price rise from 1€ to 1340€ in 3 years.

  • 3

    MobiBank v.1.0 Preparatory Version

    We’ve diligently crafted MobiBank v.1.0, a preparatory version that encompasses identification, bank accounts, money transfers, fellow credits and including ongoing development process to get access more than 2500 banks in 22 countries.

  • 4

    Comprehensive valuation

    Our valuation process has been carried out in collaboration with a globally renowned audit company, resulting in an extensive 70-page report, providing us with a robust starting point for the IPO journey.

  • 5

    Establishment of U.S. entity

    We are now actively working to establish a U.S. entity for MobiBank, authorising the issuance of 10,000,000 shares.

  • 6

    Support from the Finnish Government

    The Finnish Government is extending its support, even possible to cover over 30–50% of our investment needs if necessary.

  • 7

    Investor onboarding

    As we progress towards the OTC listing, we are now actively seeking to onboard new investors who not only align with our vision but are enthusiastic believers in the future of MobiBank.

Our dedicated team is unwavering in its commitment to steer MobiBank through this transformative journey. We eagerly anticipate sharing further updates with you as we move ahead.

We firmly believe that this significant step will not only amplify our reach but also unlock new horizons of opportunity for our cherished customers and esteemed partners.

This journey would not be possible without the unwavering support from you and trust of our community, thank you! Your trust and continued support have been instrumental in our progress. Together, we are set to redefine banking and explore limitless opportunities.

9th October 2023

Kind Regards,
Jussi Teeriaho

Founder & CEO
MobiBank™

KEY STEPS

1 Recognition

Recognized by Mastercard

Recognized by Mastercard as one of the top 15 high-tech companies globally, positioning MobiBank for growth.

2 Investors

Share price milestone

MobiBank share price rise from 1€ to 1340€ in 3 years.

3 Product

MobiBank v.1.0 preparatory version

Identification, bank accounts, money transfers, fellow credits, and access to 2500+ banks in 22 countries.

4 Valuation

70-page valuation report

An extensive valuation report produced with a globally renowned audit company, establishing a strong IPO starting point.

Certain statements on this page describe technologies, capabilities and commercial initiatives that remain under development, evaluation, negotiation or regulatory review, and related patent and intellectual property protection processes may be ongoing. These statements represent current objectives and should not be interpreted as confirmation of commercial availability, or as a guarantee of complete functionality, availability or coverage in all circumstances. Technical implementation details are confidential.

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