Analyst Group announced on the 21st of February that an agreement had been entered into with MeeW A/S (“MeeW” or the “Company”) regarding future equity research, including for example equity research reports with quarterly updates and comments on press releases. In conjunction with MeeW’s IPO, Analyst Group produced an initial article and summary of MeeW as an investment case, which was published on the 21st of February.

Soon after the last day of the subscription period for the IPO, more specifically on the 7th of March, the board of directors of MeeW announced that they had learned that CEO Armin Kavousi had claimed to have a master’s degree in neuroscience, which turned out not to be correct. Consequently, the board of directors agreed with Armin Kavousi that he was to step down as CEO, and that he was to leave the board of directors with immediate effect. On the 8th of March 2023, the board of directors of MeeW decided to cancel the plan to list the Company at the Spotlight Stock Market. Also, the entire board of directors left the board with immediate effect.

Analyst Group regard this information that has come to light about MeeW as very serious, and that it has strongly affected our trust in the Company in a negative way. As of now, we await further information about the future development of MeeW.

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