Zurich, Switzerland — Apostrophy is pleased to announce a significant milestone in our mission to deliver true data sovereignty. We have executed a Non-Binding Term Sheet and Exclusivity Agreement with Milton Capital Plc, a cash shell listed on the Main Market of the London Stock Exchange, regarding a potential reverse takeover (RTO) transaction.
This proposed transaction represents a major step forward for our technology platform.
Upon successful completion, the transaction will transition Apostrophy into a publicly traded company, providing direct access to public capital markets to accelerate our global business growth plans.
Unifying Privacy-Hardened Hardware and Software
Apostrophy is a related company to Punkt Tronics AG (Punkt.), the premium Swiss hardware manufacturer wholly owned by technology entrepreneur Petter Neby. As a core component of this strategic expansion, Apostrophy will hold the option to acquire all telephony assets of Punkt.
By unifying Punkt.’s design-forward hardware with Apostrophy’s data-sovereign operating software (AphyOS), the transaction will position the combined entity as a world-leading technology brand. Our unified platform is engineered from the ground up to give consumers and enterprise clients absolute confidence and control over their digital perimeters, ensuring that systems and data remain protected under a secure European legal architecture.
Executive Leadership and Deal Structure
The exclusivity period extends until November 30th, to allow for the completion of detailed technical, legal, and financial due diligence, alongside the negotiation of a definitive Share Purchase Agreement (SPA). If the transaction proceeds, the consideration payable to Apostrophy shareholders will be entirely in the form of ordinary shares in the public company.
Following the successful completion of the transaction and re-admission to the London Stock Exchange, the enlarged group will be led by an exceptional executive team:
- Petter Neby will serve as Executive Chairman.
- Mark Orsmond will lead the company as Chief Executive Officer (CEO)
In accordance with the UK Listing Rules for reverse takeovers, trading in Milton Capital Plc shares on the London Stock Exchange has been temporarily suspended pending the publication of the official re-admission documentation.
Leadership Perspectives
“The ubiquitous nature of telephony in the daily lives of people and enterprises has brought immense societal benefits but has come with increased erosion of data and personal privacy and greater cyber security threats,” said Petter Neby, Founder of Punkt. and Apostrophy. “Apostrophy is a new operating system which has as its core several fundamental themes: security, data privacy, and a European sovereign system. We aim to position the Apostrophy operating software on telephony—not just Punkt telephones—as the operating system of choice for those who wish for greater control of their data. London remains the key European economic finance market, and we are delighted to be able to bring our business to investors in the London market at a time when the London Stock Exchange is seeking to encourage new business.”
“Milton Capital was originally set up as a technology sector cash shell,” commented Richard Mays, Chairman of Milton Capital plc. “The approach by Apostrophy/Punkt was the standout opportunity—an established business and team, a technology business with a global reach, outstanding leadership with a founder with an international track record, and, above all else, a company with an exciting vision. I am confident that our shareholders will want to be part of this exceptional business as it looks to go public and accelerate its growth plans. Having started out as a technology cash shell, we look to return to our roots.”
As Europe and global markets place an ever-increasing emphasis on sovereign technology, Apostrophy is uniquely positioned to address these vital infrastructure needs. We look forward to providing further updates to our clients, partners, and the market as the transaction progresses
