Ascension Capital has finalised the documentation for its reverse takeover of Being AI group and will be sending the relevant materials to shareholders this week.

The company also announced that the special meeting of shareholders, to approve the transaction, will be held on March 28 2024, through a virtual meeting.

If shareholder approval is obtained, the transaction is expected to be completed on the same day, and the company's shares will be requoted on the NZX Main Board on April 2 2024.

Ascension Capital encouraged all shareholders to review the listing profile document, independent advisor's report, appraisal report, and the notice of the special meeting.

The company had also released the most recent financial information about the target group and the constitution intended to apply after the reverse listing.

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