K&K Herbal Poland S.A. (WSE:KKH) signed a term sheet to acquire True Games from Movie Games S.A. (WSE:MOV) on January 14, 2021. As per terms of transaction, K&K Herbal Poland S.A. will issue new shares to the shareholder of Ture Games. True Games will merged with K&K Herbal Poland S.A. The transaction will be carried out through the acquisition of K&K Herbal by the shareholders of True Games in accordance with the relevant parity.

According to the Term Sheet, in the first place, K&K Herbal will sell or terminate part of its current activities. In the next stage, both companies will be subject to a legal and financial examination and will draw up a merger plan. After the successful completion of this process, the management boards and the extraordinary general meeting of both entities will approve the merger.