The investment company Renewable Ventures Nordic, which is changing its name to Xer Tech Holding, has received conditional approval for continued listing on Spotlight Stock Market after the planned reverse acquisition of Xer Tech Holding. The approval is conditional upon the majority owner Rex Holding obtaining shareholder approval at an extraordinary general meeting. Xer Tech develops and manufactures heavy multicopter drones for military and civilian use and has its headquarters outside Zürich. - Listing the company on a Swedish marketplace gives us access to very active and mature investors who understand complex systems and companies. Now that Sweden is a member of NATO, we feel that it is an advantage for us to be listed as a Swedish company, both when it comes to reaching investors and customers for our advanced drones, says Xer Tech's CEO Erik Herlyn in a comment.