Technology company Sociallite Us entered into a letter of intent in May regarding a reverse acquisition of Norwegian company Reltime. The process is continuing and the parties are actively working towards completion. The ongoing capital raising at Reltime has taken longer than expected, affecting the original timetable for the transaction. This was stated in an update on Friday. The company’s indicative timetable is for completion towards the end of the fourth quarter of 2026 or at the beginning of the first quarter of 2027.The transaction is conditional on several factors, including the completion of due diligence, the execution of final transaction documentation, and the receipt of the required decisions and approvals. There is no guarantee that the transaction will be completed.