ElectRoad signed an agreement to acquire Biomedix Incubator Ltd (TASE:BMDX) in a reverse merger transaction on August 3, 2017. Under the terms of the transaction, Road’s shareholders will receive between 64% and 68.96% stake of Biomedix Incubator. The transaction is subject to Biomedix Incubator raising capital of up to ILS 6 million.