Zefone Limited entered into a non-binding heads of agreement to acquire Conduity Capital Plc (AIM:CCAP) for £33.5 million in a reverse merger transaction on August 4, 2021. As reported, the consideration will be satisfied by the issue of new ordinary shares in Conduity Capital Plc. Smarttech247 aims to achieve a listing via the reverse takeover transaction. The proposed acquisition remains subject to contract and satisfactory completion of the necessary due diligence and certain shareholder approvals. Mark Brady and Neil Baldwin of SPARK Advisory Partners Limited acted as nominated advisors to Conduity Capital. Mark Wheeler of Fortified Advisory acted as advisor to Smarttech247.

Zefone Limited cancelled the acquisition of Conduity Capital Plc (AIM:CCAP) in a reverse merger transaction on September 22, 2022.