The US Bankruptcy Court gave an order approving the sale of the certain assets of Voyager European Holdings ApS on August 16, 2022. The debtor has been authorized to sell its certain assets to Ascension ApS, in a private sale, for a purchase price of $2 million in cash pursuant to the asset purchase agreement, dated July 13, 2022. The debtor's assets include Equity Interests in Coinify ApS.

Purchase Price shall be paid in three equal monthly installments starting from closing of the transaction. In addition to the Cash Purchase Price, the Seller shall be eligible to receive an earn out calculated as 12.5% of the Buyer's Exit Proceeds.