(update in the last part with CEO comment)French Kriptown has made a recommended cash offer for Spotlight Group of SEK 33 per share, according to a press release.The offer values Spotlight Group at approximately SEK 199 million and corresponds to a premium of 94 percent compared with the latest closing price on Tuesday. The acceptance period is expected to run from around June 25 to October 14, 2026.Spotlight Group's independent bid committee unanimously recommends that shareholders accept the offer. The recommendation is supported by a so-called fairness opinion from Astelia Advisory.Kriptown currently owns no shares in Spotlight Group. The offer is, among other things, conditional on Kriptown reaching ownership exceeding 90 percent of the shares in the company. Shareholders who together control approximately 69 percent of the shares and votes in Spotlight Group have undertaken to accept the offer. The group consists of Swedia HighP, Westindia Aktiebolag, Calyptra AB, Peter Gönczi, Günther Mårder and Mikael Renck."Spotlight has long been a central player in the Swedish capital market and a long-standing example of what a European market for growth companies can look like, with solid experience, real expertise and a loyal base of issuers, as well as pioneering operations in exchange-traded products. By combining this with Kriptown's ambitions and technology for the European capital markets, we are building a European player that can meet the financing and listing needs of small and medium-sized companies", comments Mark Kepeneghian, CEO of Kriptown.Spotlight Group CEO Peter Gönczi comments on the offer as follows: "I look very positively on the offer from Kriptown, which will not only become a stable owner but also an exciting partner to Spotlight Group. Our operations complement each other well without overlapping, and we share an ambition to drive innovation and development in the capital market. Together we can make it even easier and more cost-effective to list companies and other assets, while also creating additional opportunities for increased trading."