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Deadline approaching for filing annual reports with the State Revenue Service (SRS). The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file with the SRS an annual report ‒ approved by the shareholders’ meeting ‒ no later than one month after approval and no later than four months after the […]
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Sorainen advised Linna Ekraanid on the sale of the remaining 50% of its shares to Ekspress Grupp. In 2016 Sorainen advised Kindel Reklaam, Unicorpo and Trend on the sale of their 50% shareholding in Linna Ekraanid to Ekspress Grupp. The purpose of the first acquisition was to create preconditions for Ekspress Grupp to set off […]
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Sorainen advised venture capital fund Open Circle Capital on investing EUR 300,000 in the Whatagraph platform. The other half of the sum was invested by the founders themselves, brothers Justas, Tomas and Andrius Malinauskas. Open Circle Capital manages assets of more than EUR 20 million and invests in Lithuanian companies that produce products in high-tech […]
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Sorainen advised venture capital fund Open Circle Capital on investing in fast growing ad exchange startup SixAds created for webstores. Open Circle Capital is interested in technology companies in the fields of ICT, robotics and high-tech. SixAds demonstrates a fast growing number of customers and revenue, along with global ambitions, all of which are in […]
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Sorainen assisted Los Angeles and Tallinn based technology startup Brainbase in announcing a USD 1 million seed round. The round was led by Tera Ventures, with participation from Sterling Road and several angel investors. Funds obtained will be used to continue developing the company’s debut product, Brainbase Assist, a tool for brands and licensees to […]
