Deversify AB signed a letter of intent to acquire Euroafrica Digital Ventures AB (publ) (OM:EURA) in a reverse merger transaction on January 17, 2024. After the completion of the transaction, Deversify's shareholders are expected to hold approximately 85 percent of the shares in the new company. The transaction is subject to approval by the Extraordinary General Meeting of Euroafrica Digital Ventures and Nasdaq.

Exact valuations will be determined following customary legal and commercial due diligence, with expected completion in January 2024. As of March 5, 2024, Deversify has signed a conditional agreement for a reverse acquisition with Euroafrica Digital Ventures.