Nordic Transport Group A/S completed the acquisition of NeuroSearch A/S in a reverse merger transaction.
Nordic Transport Group A/S completed the acquisition of NeuroSearch A/S (CPSE:NEUR) in a reverse merger transaction on October 7, 2019. As part of the consideration, NeuroSearch A/S issued 21.2 million new shares to Nordic Transport Group A/S. At the extraordinary general meeting that is held on October 7, 2019, proposal has been made to, inter alia, elect a new board of directors and change NeuroSearch's name to NTG Nordic Transport Group A/S. Due to the nature of the transaction, Nordic Transport Group is identified as the accounting acquirer, whereas Neurosearch A/S is the accounting acquiree.