Astrocast SA (OB:ASTRO), entered into an agreement to acquire Hiber from European Innovation Council on May 30, 2022. Astrocast agreed to acquire all of Hiber's shares in exchange for the issuance of new Astrocast shares, representing 16.5% of Astrocast's share capital. The acquisition is conditioned on the completion of Astrocast's public offering on Euronext Growth Paris and is expected to close immediately following the public offering. Hiber is claiming an obligation for Astrocast to grant a convertible loan in the amount of €1.5 million, allegedly due pursuant to the Agreement. Mehdi Boumedine and Darko Adamovic of Linklaters LLP (Belgium) acted as legal advsiors to European Innovation Council.

Astrocast SA (OB:ASTRO) cancelled the acquisition of Hiber from European Innovation Council on November 24, 2022.