Nostromo signed a non-binding memorandum of understanding to acquire Somoto Ltd. (TASE:SMTO) in a reverse merger transaction for ILS 37.5 million on August 13, 2020. Under the terms, Somoto will issue its shares representing 73.48% of tits share capital. The parties signed definitive agreement on December 27, 2020. The transaction is subject to customary approvals and is expected to close by February 28, 2021. Nostromo Ltd completed the acquisition of Somoto Ltd (TASE:SMTO) on June 21, 2021.