Energos Group AS entered into a letter of intent to acquire Hiddn Solutions ASA (OB:HIDDN) in a reverse merger transaction on March 24, 2019. Energos Group AS entered into a binding agreement to acquire Hiddn Solutions ASA in a reverse merger transaction on May 16, 2019. Pursuant to the terms, Hiddn Solutions will acquire 100% stake in Energos Group from Daimyo AS, Macke Invest AS and Tempus Invest AS and in return issued consideration shares comprising of approximately 78.5% of its issued share capital. Daimyo AS, Macke Invest AS and Tempus Invest AS, currently hold 50.01%, 33.34% and 16.65% respectively of the shares in Energos. Hiddn Solutions will be renamed as Energos ASA. Current subsidiary of the Hiddn, Finn Clausen Sikkerhetssystemer AS ("FCS"), which carries out activities within storage and security cabinets, will continue as a separate business line in the combined group including both Energos and FCS. The completion of the transaction is subject to, among other things, due diligence, final transaction agreements being entered into, issuance of consideration shares, change of name of Hiddn Solutions, approval by the shareholders of Energos and Hiddn Solutions ASA at an extraordinary general meeting and other customary closing conditions. The general meeting of Hiddn Solutions is expected to be held on or about June 28, 2019. Subject to the completion conditions being fulfilled, the transaction is expected to close during the second quarter of 2019. As of May 16, 2019, the transaction is expected to be completed on the same date on which the general meeting of Hiddn Solutions is scheduled. As of May 22, 2019, closing of the transaction is scheduled to be carried out on or about June 28, 2019, after the annual general meeting is adjourned. Aabø-Evensen & Co. and Wikborg Rein Advokatfirma AS acted as legal advisors for Hiddn and Energos respectively. Energos Group AS cancelled the acquisition of Hiddn Solutions ASA (OB:HIDDN) on June 24, 2019.