Strax: Divestment of Clckr
Research Note
2024-04-03
08:40
Late yesterday evening, STRAX annanouced it intentions to divest the brands Clckr, Jewel and Fundamental as well as key customer contracts and the majority of the US organization to Matter Brands, LLC.
Fredrik Reuterhäll
Oskar Vilhelmsson
There is no information regarding the transaction value or the timing of when the transaction will be finalized. We will have a call with management later this afternoon and publish a more comprehensive note tomorrow morning. As of now, there is a lot of uncertainty about how to value Strax with the limited information, therefore we will put Strax under review until further notice.
Disclosures and disclaimers