Lifeline SPAC I Oyj: Notice of Flagging Pursuant to Chapter 9, Section 10 of the Securities Exchange Act

5.7.2024 18:15:00 EEST | Lifeline SPAC I Oyj | Key stakeholders – notification

On July 5, 2024, Lifeline SPAC I Oyj received a notification from WIP Asset Management Oy that on July 5, 2024 the total number of votes of Lifeline SPAC I Oyj’s shares exceeded the ten (10) percent threshold.

Direct and indirect shareholdings of WIP Asset Management Oy as per notification:

% of Shares and Votes

% of shares and votes through financial instruments

Briefly stated


Total number of shares and votes of the target company

Share after reaching or breaking a flagging threshold

0% shares,

12.21% votes

0% shares,

0% votes

0% shares,

12.21% votes

12 500 000

Stock declared in previous notice of flagging (if flagged)

Information on ownership and voting share after reaching or breaking the flag threshold:

A: Shares and voting rights

Number of shares and votes

% share of shares and votes

Particle Series / Particle Type

Nun (AML 9:5)

Indirect (AML 9:6 and 9:7)

Nun (AML 9:5)

Indirect (AML 9:6 and 9:7)



1 526 254

12.21 %

A total

1 526 254

12.21 %

Details of Notification of Obligation to Hoist the Flag:

The reporting entity is not controlled by any natural person or legal entity, and the reporting entity does not have controlling entities that have direct or indirect stake in the target entity.

Additional information provided by WIP Asset Management Oy in the announcement:

WIP Asset Management Oy’s right to exercise 12.21% of the target company’s votes is based on a power of attorney granted to WIP Asset Management Oy by WIP Asset Management Oy’s investment clients, which is valid until further notice to WIP Asset Management Oy. The target company has the right to represent shareholders in general meetings at its own discretion and without instructions given by shareholders. WIP Asset Management Oy plans to exercise voting rights for the first time at the target company’s general meeting on August 23, 2024.

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For more information, contact:

Tuomo Vähäpassi, CEO, Lifeline SPAC I Oyj
[email protected]
040 736 0676

Lifeline SPAC I in short

Lifeline SPAC I Oyj is a Finnish SPAC established for acquisitions. We raised capital through an initial public offering and are listed on the SPAC segment of the Nasdaq Helsinki Regulated Market. Our intention is to complete the acquisition within 36 months of listing. We offer an opportunity to invest in a target that private investors or many institutional investors are unlikely to invest in, as such investments are typically made by late-stage private equity funds. Our objective is to increase the value of the target company by generating returns for shareholders and supporting its growth and development even after the merger. Our strategic objective is primarily to identify and merge with a Nordic unlisted technology-focused target company with high growth potential.


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