Mars One Ventures PLC signed an agreement to acquire InFin Innovative Finance AG (DB:KCC) in a reverse merger transaction on November 7, 2016. InFin Innovative Finance will acquire 100% of the shares of Mars One Ventures for €87 million with newly issued, fully paid up InFin Innovative Finance shares. After admission of the new InFin Innovative Finance shares to trading on the Frankfurt Stock Exchange, the Mars One Ventures shareholders will hold 97.5% of the InFin Innovative Finance shares. The shareholders of Infin Innovative Finance gave the green light to a capital increase through the issuance of 478.9 million new shares to finance the acquisition in kind of Mars One Ventures. InFin Innovative Finance AG will be renamed Mars One Ventures AG. Bas Lansdorp, Co-Founder and Chief Executive Officer of Mars One Ventures, will be appointed as Chairman of the Board of Directors. Further Members of the Board will be Hunzinger, InFin Innovative Finance's current Chief Executive Officer, and Suzanne Flinkenflögel, Director of Communications of Mars One. The acquisition is subject to customary closing conditions, including InFin Innovative Finance shareholder approval of the agreement and due diligence. The boards of InFin Innovative Finance and Mars One Ventures have unanimously approved the agreement. The extraordinary shareholder meeting of InFin Innovative Finance will take place on December 2, 2016. As of December 2, 2016, the shareholders of InFin have approved the transaction.