Ennogie ApS entered into a letter of intent to acquire Ennogie Solar Group A/S (CPSE:ESG) in a reverse merger transaction on June 11, 2021. The acquisition is against the issue of new shares in Small Cap Danmark A/S. Small Cap Danmark A / S expects to convene an extraordinary general meeting within a short time with a view to considering the Board of Directors' proposal to acquire the share capital in Ennogie ApS against the issue of new shares in Small Cap Danmark A / S. The investment company Strategic Investments A / S, which owns approx. 60% of the share capital and voting rights in Small Cap Danmark A / S have indicated to Small Cap Danmark A / S that they intend to vote in favor of the transaction. Extraordinary General Meeting expected to be held on November 29, 2021. All shareholders of Ennogie accepted to exchange their shares with shares in Small Cap. Small Cap Danmark A / S further stated that the transaction was expected to be completed during the second half of 2021.

Ennogie ApS completed the acquisition of Ennogie Solar Group A/S (CPSE:ESG) in a reverse merger transaction for DKK 182.7 million on November 30, 2021. The consideration has been paid in the form of 22.5 million newly issued shares.