-+ 0.00%
-+ 0.00%
-+ 0.00%

Renewable Ventures Nordic Gets Conditional Clearance for Continued Spotlight Stock Market Listing

MT Newswires·12/30/2025 11:48:05
Listen to the news
11:48 AM EST, 12/30/2025 (MT Newswires) -- The Spotlight Stock Market gave its conditional approval for Renewable Ventures Nordic's (RVN.ST) continued listing on the platform following its acquisition of Xer Tech and its name change to Xer Tech Holding. The clearance is contingent on Rex International Holding, the majority shareholder of Renewable Ventures, securing approval at an extraordinary general meeting, according to a Tuesday release. In November, the Swedish investment group agreed to purchase military and civilian drone manufacturer Xer Tech for 150 million kronor via a reverse acquisition deal. Completion of the acquisition remains subject to the Singapore Exchange's clearance.