Bellock.Co., Ltd. agreed to acquire IBKS No.18 Special Purpose Acquisition Company (KOSDAQ:A424760) in reverse merger transaction on November 11, 2022. IBKS No.18 Special Purpose Acquisition Company will issue 1 share for every 5.4335 shares of Bellock.Co., Ltd. Post completion, Bellock.Co., Ltd. will enjoy the benefit of being listed on KOSDAQ. The transaction is expected to close on April 25, 2023.