MSTRpay Advances Its Global Commercial Plans with Expansion of its Board of Directors and Key Operational Appointments

Stockholm, Sweden Mar 26, 2026 (EMWNews.com) – MSTRpay A.B. (the “Company”) is pleased to announce the appointment of four new members to its corporate board of directors. Pursuant to shareholder voting under the Swedish Companies Act completed 24 March 2026, in addition to these new appointments, the Company is now in position to execute on the next phase of corporate development, which include commercialization in severely underbanked markets through the expansion of the MSTRpay brand, the entry of strategic joint ventures in underbanked markets and the goal of becoming a publicly traded company in Europe by the third quarter of 2026.

The new appointments to the Board of Directors include Dr. John Abeles as Chairman along with existing Chairman emeritus Erik Skjöldebrand, and new directors Dean Petkanas, the Company’s Chief Executive Officer; Seymour Knox IV; and Mikael Andreasson.

Dr. Abeles brings decades of experience across life sciences, finance, and capital markets. He is widely recognized as a serial entrepreneur and company builder, with a background spanning strategic advisory, capital formation, and governance in growth-stage and publicly listed companies. His experience is expected to support MSTRPay’s transition towards a public market environment.

Seymour Knox IV brings significant global corporate experience to the Company with engagements and background in sports, entertainment and fine art. The Knox family is globally known for their foundation of F.W. Woolworth Company and the founding owners of the NHL franchise team Buffalo Sabres. Mr. Knox was a former director of the Buffalo AKG Art Museum (formerly known as the Albright-Knox Gallery), having served at the AKG for over 20 years. Mr. Knox was also one of fourteen commissioners on the New York State Joint Commission on Public Ethics (JCOPE).

Mikael Andreasson is a seasoned business professional with extensive experience in investments, corporate structuring, and strategic advisory. Mr. Andreasson brings strong capital formation and corporate governance experience. He has been a Senior Portfolio Advisor at SEB since 2017 and held several positions at SEB since 2003.

Dean Petkanas brings more than 25 years of experience in investment banking, capital markets, and executive management. He has deep expertise in structuring high-growth enterprises, guiding transformational strategies, and navigating complex financial environments. Prior to joining MSTRpay, Mr. Petkanas led and co-founded companies across sectors including biotechnology and life sciences, where his leadership proved instrumental in developing business models, securing financing, and licensing intellectual property. His appointment marks a significant milestone in MSTRpay’s evolution, reinforcing the company’s mission to deliver next-generation payments, fintech services, and digital commerce solutions.

Strategic Priorities for MSTRpay

The newly constituted Board reflects MSTRPay’s continued progression towards strengthened corporate governance and its next phase of international expansion within digital payments and financial services across emerging markets.

In addition to the Board appointments, the EGM resolved to implement a conditional long-term share-based participation program for founding Board members and the Chairman, structured as a secondary transfer of existing shares from the majority shareholder. The program is designed to align long-term incentives with the Company’s development and planned public listing, without dilution to existing shareholders.

The EGM further resolved to initiate the process for a public listing, authorising the Board to convert the Company into a public limited liability company, engage advisors, prepare listing documentation, and apply for admission to trading on a regulated market or multilateral trading facility.

As part of strengthening the Company’s financial position, the EGM also approved a directed issue of up to 17,000,000 new shares to GlblPay Inc. by way of set-off against verified development costs of EUR 250,000.

The transaction is intended to improve the balance sheet and support the Company’s capital structure ahead of the planned listing.

Furthermore, the EGM adopted new Articles of Association aligned with requirements for publicly listed companies and established an issuance limitation framework to balance future capital raising with shareholder protection.

Commenting on the outcome, Dean Petkanas, Chief Executive Officer, said:

“This is a defining step in MSTRPay’s development. The strengthened Board, combined with the resolutions adopted, positions the Company to advance its governance framework, capital structure, and listing readiness as we move into the next phase of growth.”

About MSTRpay

MSTRpay is a forward-looking fintech company dedicated to enabling seamless, secure, and innovative payment and commerce solutions. With a commitment to customer success, technological excellence, and strategic growth, MSTRpay is positioned to lead in the evolving digital economy.

Media Contact
MSTRpay Communications
[email protected]
www.mstrpay.com