Rock Energy AS signed a letter of intent to acquire Deflamo AB (OM:DEFL B) in a reverse merger transaction on February 1, 2019. Under the terms of the transaction, Deflamo will acquire all shares in Rock Energy through a non-cash issue of shares in Deflamo. Upon completion of the transaction, Deflamo's operations will be changes to Rock Energy's operations (new company). After the transaction, shareholders of Rock Energy will own 87.5% stake of the shares and votes in the New Company and Deflamo's existing shareholders are intended to hold about 12.5% of the shares and votes in the new company. The new company will be listed on Nasdaq First North. In connection with the transaction, Deflamo will change company name. The transaction is expected to complete in Q2 2019. Rock Energy AS cancelled the acquisition of Deflamo AB (OM:DEFL B) in a reverse merger transaction on February 1, 2020.