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MESSAGE _ENGLISH VERSION_
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Current Report ESPI No. 26/2024
Legal Basis: Article 17_1_ of MAR - Inside Information
Registration of Subsidiary Company by Court
The Management Board of Prime ASI S.A., based in Rzeszów _hereinafter:
the _quot;Company_quot;_, hereby informs that on November 20, 2024, the District
Court in Rzeszów, 12th Commercial Division of the National Court
Register _KRS_, registered the company Algo Trade AI sp. z o.o., based
in Rzeszów _hereinafter: _quot;AT_quot;_, in which the Company holds the status
of
founder and majority shareholder, thereby making AT a subsidiary of the
Company.
The share capital of AT amounts to PLN 1,000,000.00 and is divided into
20,000 shares, of which the Company holds 18,000 shares, representing
90% of AT's share capital. The Company's contribution to cover AT's
share capital in the amount of PLN 900,000.00 will be transferred to
AT's bank account as soon as it is operational.
AT will specialize in developing advanced automated algorithms based on
artificial intelligence. AT's solutions will analyze and execute
transactions on various financial markets, using cutting-edge AI
technologies to optimize trading strategies, ensuring maximum
efficiency, precision, and profitability.
AT intends to commence operations in the fourth quarter of 2024.
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RB_ASO: Zarejestrowanie przez Sąd spółki zależnej
