Florida Investments X Corp agreed to acquire IPO S.A. (WSE:ISA) in a reverse merger transaction on March 30, 2015. The extraordinary shareholders meeting has resolved to change IPO S.A.'s name to Florida Investments SA. Another extraordinary meeting shareholder will be resolved upon issue of new shares to shareholders of Florida Investments Corp, under the reverse merger transaction. As a result of the transaction, Florida Investments X Corp will operate under new name of Florida Investments SA and will be listed on the NewConnect market of the Warsaw Stock Exchange. The reverse merger is expected to be completed in next few weeks.

Florida Investments X Corp cancelled the acquisition of IPO S.A. (WSE:ISA) in a reverse merger transaction on August 12, 2015.