It has since 2023 been a defined target for Acceleum to list the company shares in Scandinavia, on one of the international marketplaces in the region. The motivation for the listing has been an official adherence to corporate compliance, transparency and public accountability, along with increased access to funding, increased visibility for future partners and prospects, and to provide liquidity for existing shareholders.
On 14 May 2024, an acquisition transaction was signed with a listed company who was also a partner on the technology side, named Spark Technology AS. Spark was listed on the NASDAQ First North stock exchange in Copenhagen, and seemed a perfect fit as a merger partner. Sadly, the transaction was suspended when Spark failed to deliver timely audited accounts, and was put in compulsory dissolution by the Danish Company Registry.
With the dissolution, Acceleum was no longer bound by the original acquisition contract, but as Spark management vowed to resurrect the company, Acceleum agreed to continue the work towards completion in a revived Spark and complete the transaction with them. However, despite exhaustive efforts and significant patience from Acceleum’s management, it recently became evident that the revival of Spark Technologies was no longer feasible. As a result, Acceleum was forced to terminate the continued work with any Spark acquisition plans, resuming operations independently, and instead continue the work with the alternative listing plans the company has had for quite some time.
On 19 March 2025, the former Spark management closed their ongoing resurrection efforts, and the Spark liquidation lawyers filed for bankruptcy.
Acceleum deeply regrets the outcome of this prolonged process and acknowledges the disappointment of Spark’s approximately 3,200 shareholders who have been adversely affected – not only incurring financial losses, but also failing in the mission of creating tangible impacts in rural communities by enhancing financial empowerment and inclusion.
Acceleum has been maintaining a shortlist of alternatives during the Spark transaction, that the company is currently following up with. More information will be given in due course.
-The Acceleum Team
