Nordic Transport Group A/S entered into non-binding letter of intent to acquire NeuroSearch A/S (CPSE:NEUR) in a reverse merger transaction on April 5, 2019. Under the transaction, combination of NeuroSearch and NTG, to be effected by the contribution into NeuroSearch of all shares in NTG against the issuance of new shares in NeuroSearch to the shareholders in NTG. Carnegie Investment Bank AB acted as financial advisor to NeuroSearch. Danske Bank A/S acted as financial advisor for Nordic Transport Group A/S.

Nordic Transport Group A/S completed the acquisition of NeuroSearch A/S (CPSE:NEUR) in a reverse merger transaction on October 7, 2019. As part of the consideration, NeuroSearch A/S issued 21.2 million new shares to Nordic Transport Group A/S. At the extraordinary general meeting that is held on October 7, 2019, proposal has been made to, inter alia, elect a new board of directors and change NeuroSearch's name to “NTG Nordic Transport Group A/S”. Due to the nature of the transaction, Nordic Transport Group is identified as the accounting acquirer, whereas Neurosearch A/S is the accounting acquiree.