Entermate Co., Ltd. signed a contract to acquire Korea No.2 Special Purpose Acquisition Co.,LTD. (KOSDAQ:A206400) in a reverse merger transaction on July 14, 2015. The merger ratio is 1:5.5659091. Korea No.2 will issue 20.71 million new shares for the transaction. The general meeting of stockholders is scheduled on November 16, 2015. The creditors can submit objections from November 17, 2015 to December 17, 2015. The Board of Korea No.2 Special Purpose Acquisition Co.,LTD approved the transaction on July 14, 2015. The transaction is expected to close on December 18, 2015. The scheduled delivery date of new share certificates is January 11, 2016 and the scheduled listing date is January 12, 2016.

As on October 5, 2015, merger ratio is amended to 1:5.5631818 and Korea No.2 will now issue 20.69 million new shares will be issued. The schedule of the general meeting of stockholders was amended to November 13, 2015 from November 16, 2015. As of November 13, 2015, the shareholders of Korea No.2 Special Purpose Acquisition Co.,Ltd approved the transaction. As on November 27, 2015, the expected closing date was extended to December 29, 2015. As of December 21, 2015, Lee Tae Hyeon will be appointed as the Chief Executive Officer of Korea No.2 to replace Kim Jung Yeol. Korea No.2 Special Purpose Acquisition Co Ltd will change its name to Entermate Co.,Ltd effective December 30, 2015. E-Chon Accounting Corporation acted as the valuer for Korea No.2 Special Purpose Acquisition Co.,LTD.

Entermate Co., Ltd. completed the acquisition of Korea No.2 Special Purpose Acquisition Co.,LTD. (KOSDAQ:A206400) in a reverse merger transaction on December 21, 2015.