White Pearl Holdings Ltd agreed to acquire DS Plattformen AB (NGM:DSPAB B) for SEK 6 million in reverse merger transaction on December 21, 2022. Following completion of the Transaction, the management of DS Plattformen will be replaced and Marco Marangoni, the current CEO of Whitepearl, will be proposed as the new CEO. Upon completion of the Transaction, the current shareholders of DS Plattformen will jointly retain a 13% ownership of DS Plattformen whilst the remaining 87% will be held by today’s owners in Whitepearl.

The Transaction is conditional on approval from the general meeting. The board of directors of DS Plattformen intends to convene an extraordinary general meeting after Nasdaq First North has approved the company description prepared for the purpose of enabling the planned change of listing venue. The transaction is conditional on a change of listing venue from NGM Nordic SME to Nasdaq First North as regards the shares of series B in DS Plattformen and, consequently, approvals from Nordic Growth Market NGM AB and Nasdaq Stockholm AB, respectively.