Challenger Mobile AB (publ) (NGM:CHAL B) signed an agreement to acquire AB B21 INVEST III on September 4, 2020. The transaction carried out with payment in three parts, cash, seller reverse and shares. Transaction was funded through loan taken by Challenger Mobile of SEK 30 million from Lubrica equity AB, Modelio equity AB, Munkekullen 5 förvaltning AB and Stifag AB. If loans are not repaid by October 31, 2020 then the lenders will have the right to fully or partially convert their loans into Challenger mobile shares. Challenger Mobile proposed name change of AB B21 INVEST III to Battlecamp AB.