Nordavind AS (OTCNO:NVD) entered an agreement to acquire 00Nation Ltd for NOK 54.5 million on July 6, 2021. The consideration 00Nation will be settled through the issuance of 2,833,333 shares in Nordavind, as well as a cash consideration of approx. NOK 12 million. In a related transaction Nordavind will conduct a private placement of up to NOK 50 million in new shares (the “New Shares”) at NOK 15 per share (the “Private Placement”). The founders of 00Nationwill join the senior management team of Nordavind, with Sebastian Geurts assuming the role as CEO for the combined entity. Ro Sommernes advokatfirma DA acted as legal advisor to Nordavind.