Technology company Sociallite Us has entered into a non-binding letter of intent to carry out a reverse acquisition of Norwegian Reltime. This is stated in a press release."We see this as a strategic step to bring in an operating business with proprietary technology and international presence. Reltime addresses several interesting applications within digital financial services and infrastructure. We look forward to continuing the process and jointly evaluating the conditions for carrying out the transaction" says Hampus Rosencranz, CEO of Sociallite US.Reltime is indicatively valued at approximately SEK 180 million (pre-money), while Sociallite is valued at SEK 10 million, which implies a premium of approximately 80 percent to the latest share price. The purchase price is intended to be paid with newly issued shares, which entails dilution of around 95 percent for existing shareholders before a planned capital raise in Reltime.Reltime operates in AI, Web3 and digital infrastructure and reported revenue of approximately NOK 18.4 million in 2025 with a profit margin of approximately 30 percent.The deal is conditional on due diligence, final agreements and regulatory approvals, and there is no guarantee that it will be completed.