Yoda PLC agreed to acquire Papabull Investments Limited from IQ EQ Trustee Services (Cyprus) Limited for €136.5 million on December 28, 2022. The consideration will be paid in the form of 273,023,266 Yoda shares. Pursuant to transaction, Papabull Investments will merger with Yoda. All employees of Papabull Investments will join Yoda. The transaction is subject to approval of shareholders of Papabull Investments, Court, Boards of Directors of the Papabull Investments and Yoda and to take all the necessary actions and apply all the procedures for the approval and performance of the Plan.

Yoda PLC completed the acquisition of Papabull Investments Limited from IQ EQ Trustee Services (Cyprus) Limited on January 17, 2023. Following the sanctioning of the Scheme of Arrangement by the District Court of Nicosia, the Scheme of Arrangement has on 17 January 2023 become effective upon the filing of the relevant Court Order with the Department of Registrar of Companies and Intellectual Property.