Press releases

Press releases

Fragbite Group changes accounting standard to K3 and presents recalculated financial information for Q1 2024

Regulatory27 June, 2024 at 11:30

The Board of Directors of Fragbite Group AB (publ) ("Fragbite Group" or “the Company") has today, June 27, 2024, decided to immediately change accounting standard from IFRS to K3. The decision was taken on the Company’s own initiative in order to carry out the upcoming rights issue within the decided time schedule. To ensure continuity in accounting, Fragbite Group hereby also presents recalculated financial information in accordance with K3 for the interim period from January 1 to March 31, 2024.

The recalculated financial information for the period from January 1 to March 31, 2024 has today been made available on the Company’s website. It has been compiled by Fragbite Group and has not been subject to review by the Company’s auditors.

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