STEMify Limited signed an agreement to acquire remaining 41.1% stake in N1 Telecommunications Pty Ltd from Oaktone Nominees Pty Ltd, Tisia Nominees Pty Ltd., JK Nominees Pty Ltd, Stella Equity Pty Ltd and others on February 19, 2021. Under the terms of transaction, 13.713173 million shares will be issued to vendors. In a separate transaction, STEMify Limited (ASX:SF1) entered into inter-conditional share purchase deeds to acquire N1 Telecommunications Pty Ltd. Acquisition is subject to customary closing conditions, including shareholders approval of STEMify, completion of acquisition of other acquisition, complete the Consolidation and listing of shares issued by STEMify to vendors. On May 3, 2021, shareholders of STEMify approved the transaction. Transaction is expected to close by April 27, 2021. STEMify Limited completed the acquisition of 41.1% stake in N1 Telecommunications Pty Ltd from Oaktone Nominees Pty Ltd, Tisia Nominees Pty Ltd., JK Nominees Pty Ltd, Stella Equity Pty Ltd and others on May 21, 2021.