Tracheoscope developer ETView Ltd. has signed an agreement to make a reverse merger with stock market shell First SBS Holdings Ltd. (TASE: FRSB-L). First SBS will allot 75.6% of its shares to ETView shareholders for full ownership of the company.

Based on a market cap of NIS 6.2 million for First SBS, ETView has a company value of about NIS 8.2 million. The deal is subject to ETView raising $2-3 million in a private placement.