Chosa ApS entered into an agreement to acquire RhoVac AB from M2 Asset Management AB and others in a reverse merger transaction for SEK 30.4 million.
The acquisition is conditional upon approval from the extraordinary general meeting in the RhoVac to be held on January 11, 2023 and also conditional upon completion of the investment agreements in Chosa. M2 Asset Management AB, the largest shareholder in RhoVac holding approximately 20.4% of the total number of shares and votes in RhoVac, has undertaken to vote in favor of the transaction and the related resolutions at the EGM. The transaction is expected to close in the second half of January 2023.
VSstra Hamnen Corporate Finance AB has provided fairness opinion to the Board of RhoVac.