Aerodrome Ltd agreed to acquire Apply Advanced Mobile Technologies Ltd (TASE:APLY) in a reverse merger transaction for ILS 30.9 million on January 2, 2020. As per the transaction, Apply Advanced Mobile Technologies Ltd will issue 69% shares as a consideration to Aerodrome shareholder. Transaction is subject to receipt of all customary approvals. Completion is scheduled on March 31, 2020.

Aerodrome Ltd completed the acquisition of Apply Advanced Mobile Technologies Ltd (TASE:APLY) in a reverse merger transaction on April 22, 2020.