Digital Magics S.p.A. (BIT:DM) entered into a heads of terms to acquire LVenture Group S.p.A. (BIT : LVEN) for approximately ?540 million in a reverse merger transaction on March 11, 2023. Digital Magics entered into a deed of merger to acquire LVenture Group in a reverse merger transaction on March 8, 2024. Pursuant to transaction, the shareholders of Digital Magics will receive 46 shares of LVenture for 5 shares held, which will give them 63% of the capital, while the shareholders of LVenture will hold 37%. Marco Gay, assumes the role of Executive Chairman and Luigi Capello, assumes the role of Chief Executive Officer. As of July 4, 2023, the merger has been approved by the board of LVenture and of Digital Magics. As a result, all Digital Magics shares will be canceled and exchanged with ordinary shares of LVenture. As a result, a maximum of 111,005,452 new LVenture shares will be issued. As a result, a maximum of 111,005,452 new LVenture shares will be issued. Starting from the Effective Date, LVenture will assume the corporate name of Zest SpA. The merger will become legally effective from April 1, 2024.

Paolo Bordi, Alessandro Merenda, Lidia Caldarola, Andrea Bazuro and Chiara Gianni of Gianni & Origoni law firmacted as legal advisor to LVenture for the legal aspects of the operation. Francesco Maria Aleandri, Stefano Montalbetti and Mariateresa Candido of DLA Piper acted as legal advisor and Stefano Tronconi, Federico Ragazzini of Pirola Pennuto Zei & associate acted as Accountant to Digital Magics. The internal legal team of LVenture that followed the operation is made up of the general counsel Alessandra Scianaro and the corporate legal counsel Cristina Caravelli, while for Digital Magics the merger was followed by Maria Cristina Pensini, head of corporate affairs.

Digital Magics S.p.A. (BIT:DM) completed the acquisition of LVenture Group S.p.A. (BIT : LVEN) in a reverse merger transaction on April 1, 2024. LVenture name has been changed to Zest. The merger between Digital Magics and LVenture Group gave life to Zest, listed on the Italian Stock Exchange.