Renewable Ventures Nordic AB completes reverse acquisition of Xer Tech AB
Renewable Ventures Nordic AB (publ) (under name change to Xer Tech Holding AB) (“RVN” or the “Company”) today announces that the reverse acquisition of Xer Tech AB (“Xer Tech”), pursuant to the agreement entered into and announced on November 11, 2025, has been completed (the “Transaction”). In connection with the Transaction, the Company has also completed a directed share issue of approximately SEK 80 million (the “Directed Issue”), as previously communicated. As a result of the completion of the Transaction, the Company will change its name to Xer Tech Holding AB and a new board of directors and management team will assume office.
Completion of the reverse acquisition
On November 11, 2025, the Company entered into a conditional agreement to acquire all shares in Xer Tech through a reverse acquisition. The commercial outcome of the Transaction is that RVN will change its name to Xer Tech Holding AB and continue the operations of Xer Tech with Xer Tech as a subsidiary. RVN’s current operations have, in part, been distributed to existing shareholders and, in part, divested.
Completion of the Transaction was, among other things, conditional upon resolutions being passed at two extraordinary general meetings of the Company held on December 1, 2025, and December 15, 2025, respectively. The extraordinary general meetings resolved to adopt all proposals related to the Transaction. The resolutions are described in more detail in the press releases from the respective extraordinary general meetings published by the Company on December 1, 2025 and December 15, 2025, respectively.
Read the full press release here.
For further information, please contact:
Erik Herlyn, CEO Xer Tech Holding AB
info@xer-tech.com
