Blast Bit Enterprises Ab has signed an agreement to acquire Kvix AB (publ) (NGM : KVIX) in a reverse merger transaction on May 17, 2024. Under the terms of agreement, the transaction will be completed through a share issue. Following the transaction, Kvix's existing shareholders will own approximately 38.4% of the new group while Blast Bit's shareholders will hold approximately 61.6%.

With the acquisition, the new group will focus on delivering profitable growth in the mobile gaming area.