Yellow Boson SA agreed to acquire Instytut Szkolen i Analiz Gospodarczych S.A. (WSE:ISG) in a reverse merger transaction on July 29, 2021. Under the transaction, ISG to issue new series D ordinary bearer shares to Yellow Boson SA. 572 new series D ordinary bearer shares will be issued for every per 1 Yellow Boson SA share. In connection with the merger, name of Yellow Boson SA will be changed to Yellow Boson Spólka Akcyjna. Merger has been approved by the Management Boards of ISG and Yellow Boson SA.

Yellow Boson SA completed the acquisition of Instytut Szkolen i Analiz Gospodarczych S.A. (WSE:ISG) in a reverse merger transaction on January 4, 2022.