Bloxolid GmbH agreed to acquire Novavisions AG (BST:MONV) in a reverse merger transaction on May 11, 2018. Upon completion, the shareholders of Bloxolid GmbH will hold two thirds of the share capital of Novavisions AG. A new Board of Directors will be proposed to the general meeting, with new members from Bloxolid GmbH and the previous members of the Board of Directors of Novavisions AG. Bloxolid GmbH completed the acquisition of Novavisions AG (BST:MONV) in a reverse merger transaction on July 24, 2018. Under the terms of the transaction, Novavisions issued 58 million shares. As on July 18, 2018, the transaction was approved by the shareholders of Novavisions. Cord H. Burchard was appointed as Chairman of the Board and Clemens Schuerhoff was appointed to the Board of Directors. Adrian Knapp and Markus Bernhard will continue in their administrative council positions.