Nostromo signed a non-binding memorandum of understanding to acquire Somoto Ltd. (TASE:SMTO) in a reverse merger transaction for ILS 37.5 million on August 13, 2020. Under the terms, Somoto will issue its shares representing 73.48% of tits share capital. The parties signed definitive agreement on December 27, 2020. The transaction is subject to customary approvals and is expected to close by February 28, 2021.