startup300 AG (WBAG:S300) signed a purchase agreement to acquire remaining majority stake in CONDA AG on November 19, 2018. Under the terms of the agreement, the purchase consideration will be partly paid in cash and partly in shares of startup300. CONDA AG will operate as an independent subsidiary of startup300. The transaction will take place in several stages. On May 6, 2019, 257,169 shares of startup300 AG were issued as part of a prospective private placement and 65,356 shares, representing 76% of CONDA AG will be acquired through a capital increase in kind. Complete 100% stake in CONDA is expected to be acquired by mid-2019. As on May 6, 2019, the closing is expected in the coming weeks, subject to an in-kind review. On July 22, 2019, startup300 announced that it has acquired 87% stake in CONDA AG and full takeover will be finalized in the coming weeks.