Udmtek Co., Ltd. entered into an agreement to acquire Daishin Balance No.13 Special Purpose Acquisition Co., Ltd. from M&M Investment Co., Ltd., and others in a reverse merger transaction for KRW 13.6 billion.

Udmtek Co., Ltd. entered into an agreement to acquire Daishin Balance No.13 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A438220) from M&M Investment Co., Ltd., and others in a reverse merger transaction for KRW 13.6 billion on November 16, 2023. After completion, Udmtek Co., Ltd. will benefit from being listed on KOSDAQ. The merger ratio is 1: 1.0515247.

The transaction is expected to close on October 1, 2024. The number of merger share is 5.930597 million. As of July 10, 2024, merger ratio is 1: 1.0565240 and number of merger shares is 5,958,795.