An investor consortium led by Passion Investment Group Pty Ltd and including Thomas Mechtersheimer, Peter Nietzer and Klaus Schellhorn signed a mutually binding memorandum of understanding to acquire 51% stake in neuroConn GmbH from Mic AG (XTRA:M3B) and other shareholders on May 13, 2014. Mic AG will reduce its stake in the transaction from 51.06% to 25.02%. In addition the investor consortium has secured an option to acquire the remaining issued shares in neuroConn up until December 31, 2014. Completion of the transaction is subject to a successful due diligence. The transaction is expected to be completed by June 30, 2014.

On December 15, 2014, it was announced that an investor consortium led by Passion Investment Group Pty Ltd and including Thomas Mechtersheimer and Peter Nietzer and Klaus Schellhorn signed a notarized purchase agreement to acquire 100% stake in neuroConn GmbH from Mic AG (XTRA:M3B) and other shareholders. Under the terms of the agreement, the investor consortium will acquire 90.55% and Klaus Schellhorn will acquire remaining 9.45% stake in neuroConn GmbH.

An investor consortium led by Passion Investment Group Pty Ltd and including Thomas Mechtersheimer, Peter Nietzer and Klaus Schellhorn completed the acquisition of 51% stake in neuroConn GmbH from Mic AG (XTRA:M3B) and other shareholders on May 13, 2015.