Zortrax SA signed a letter of intent to acquire Corelens S.A. (WSE:COR) in a reverse merger transaction for approximately PLN 310 million on September 8, 2020. Zortrax SA signed a investment agreement to acquire Corelens S.A. (WSE:COR) in a reverse merger transaction on September 29, 2020. Under the terms of transactions, Corelens will issue at least 111.9395 million shares to Zortrax shareholders at the unit price of PLN 1.34. The issue will be made with the exclusion of subscription rights existing Corelens shareholders. After the issue, the existing shareholders of Zortrax will control approx. 97% Corelens shares in the increased share capital of Corelens. In exchange for one Zortrax share issued fifteen new Corelens shares will remain. Transaction is subject to due diligence. Transaction is expected to close by the end of 2020.