Norrlands Online AB entered into a non-binding letter of intent to acquire Sensor Alarm Norden AB (NGM:SELARM) in a reverse merger transaction on July 22, 2024. In connection with the reverse acquisition, Sensor plans to sell its existing operations to a company which, among other things, is owned by certain board members and senior executives in the Company. Decisions on the sale will be made at Sensor Alarm's general meeting with the required majority.

the next step is to enter into a share transfer agreement with Norrland Online's approx. 50 shareholders, subject to the approval of the general meeting in Sensor Alarm. In order to handle the Company's difficult situation and pay off the Company's debts while giving the shareholders an opportunity to be part of a new journey, the solution of selling off the existing business has been worked out as an alternative to the business ceasing.

Norrlands Online plans to finance the business until positive cash flow with capital from existing and external investors as well as a guaranteed rights issue of a total of approximately SEK 7 million. Notice to an extraordinary general meeting where, among other things, final conditions for a reverse acquisition are presented will be published in a separate press release, where the shareholders can take part and decide whether the transaction should be carried out and also i.a. on the sale of the existing business. The meeting is expected to be held around August 23, 2024.