LightAir Holding AB agreed to acquire Ascenditur AB (NGM:ACND MTF) in a reverse merger transaction on November 21, 2016. Under the terms of the deal, Ascenditur will issue 9.5 million shares representing 77% stake of Ascenditur. Ascenditur will change its name to LifeAir AB. As of December 20, 2016, the transaction has been approved by the Board of Ascenditur. As of January 18, 2017, 90% shares have been subscribed in the issue. The board extended the subscription period to January 30, 2017. LightAir Holding AB completed the acquisition of Ascenditur AB (NGM:ACND MTF) in a reverse merger transaction in early 2017.