CloudRepublic AB (publ) (NGM:CLDR MTF B) signed an agreement to acquire Falcon AB for SEK 1.6 million on December 14, 2018. Under the terms, CloudRepublic will pay SEK 0.6 million in cash and common stock of SEK 1 million, which may not be divested within 36 months. Jens Jonasson will continue as Chief Executive Officer of Falcon. As of December 14, 2018, transaction was approved by all shareholders of Falcon and is expected close on January 1, 2019. CloudRepublic AB (publ) (NGM:CLDR MTF B) cancelled the acquisition of Falcon AB on December 14, 2019.