My Beat AB (publ) (NGM:MYBEAT) entered into a letter of intent to acquire Karma Mobil Ab for SEK 7.2 million on December 12, 2022. The consideration will be paid in the form of issuance of 2,075,000 shares in My Beat and SEK 4.8 million worth of promissory notes. The parties aim to enter into a transfer agreement on or about December 23, 2022.

A prerequisite for a final transfer agreement to be entered into is that the companies have undergone an approved DD and that the relevant approvals have been obtained. There are no planned changes to the board. On December 29, 2022, My Beat AB (publ) announced that it had entered into a share transfer agreement regarding the acquisition of all shares in Karma Mobil Ab.