Beyond Frames Entertainment Enters Letter of Intent for Reverse Acquisition Deal with Corvenia

11:57 AM EDT, 09/18/2026 (MT Newswires) -- Beyond Frames Entertainment (BEYOND.ST) signed a nonbinding letter of intent with Corvenia for a potential reverse acquisition, with the combined company set to remain listed on the Spotlight Stock Market. Under the deal, the Swedish video game company would acquire all shares in Corvenia in exchange for newly issued shares, according to a Friday release. Upon completion, subject to certain conditions, Corvenia shareholders would hold 75% of the combined company, while Beyond Frames' existing shareholders would retain 25%. The companies plan to complete due diligence and enter into a binding share purchase agreement in November, though the timeline remains preliminary and subject to change.