All In! Games Sp. z o. o. signed a letter of intent to acquire SETANTA Alternatywna Spólka Inwestycyjna Spólka Akcyjna in a reverse merger transaction.

All In! Games Sp. z o. o. signed a letter of intent to acquire SETANTA Alternatywna Spólka Inwestycyjna Spólka Akcyjna (WSE:SET) in a reverse merger transaction on June 14, 2019.

Shareholders of Setanta S.A. will hold no less than 9% of shares in the share capital of the company after the merger. Upon completion of the transaction, All in games will continue to operate as All in! Games SA.

At present, both entities will conduct the due diligence process and prepare the Term Sheet, the signature of which was scheduled until June 30, 2019. The merger of both companies will take place after determining the share exchange parity and subject to the consent of the general shareholders' meeting of Setanta S.A. and ALL IN's shareholders meeting. As of January 27, 2020, the shareholders of Setanta and All In approved the transaction.