Beyond Frames Agrees to Acquire Corvenia in Reverse Takeover

08:01 AM EDT, 10/30/2026 (MT Newswires) -- Beyond Frames Entertainment (BEYOND.ST) agreed to acquire all shares in Swedish AI software company Corvenia in a reverse takeover valuing the target at 239 million kroner. The Swedish video game company said Friday that the deal will be paid entirely in newly issued shares at a reference price of 2.5 kroner per share. Upon closing, Corvenia and Beyond Frames shareholders will own 75% and 25% of the combined company, respectively. The transaction, which is expected to close by Dec. 21, with a final deadline of Dec. 31, remains subject to Spotlight Stock Market clearance, shareholder approvals from both companies, and other conditions. Following the acquisition, Beyond Frames will rename itself Corvenia and focus on its AI-driven platform.