StorageDrop signed a memorandum of understanding to acquire Medivie Therapeutic Ltd (TASE:MDVI) in a reverse merger transaction on March 21, 2021. Under the terms of a memorandum of understanding, StorageDrop's shareholders will hold about 75% of Medivie's share equity in full dilution. One of the terms of the agreement on which the merger completion is contingent, is that there will be NIS 17.5 million in the company's coffers, close to the date of the transaction's completion. Post-closing, StorageDrop will list on the Tel Aviv Stock Exchange.