Meditime SA agreed to acquire Kerverus Holding IT (Cyprus) Plc (CSE:KERV) in a reverse merger transaction on November 26, 2018. The extraordinary general meeting of the shareholders of Kerverus Holding IT (Cyprus) Ltd, held on November 26, 2018, decided to increase its issued share capital with the use of the authorized unissued share capital of 11 million shares, in exchange for the acquisition of 99.99% of the shares of the Meditime S.A. Following the acquisition Meditime S.A. will hold 11 million shares comprising 85.87% stake in Kerverus Holding and existing shareholders (prior to the increase) 1.8 million shares comprising 14.13% stake. New issued shares will be incorporated in the company’s already listed share capital and will increase to 12.8 million shares. The trading of the newly issued securities will commence on February 26, 2019. Meditime SA cancelled the acquisition of Kerverus Holding IT (Cyprus) Plc (CSE:KERV) in a reverse merger transaction on November 26, 2019.