Softnyx Co., Ltd. signed a contract to acquire Daishin Balance 4th Special Purpose Acquisition Co., Ltd. (KOSDAQ:A262830) in a reverse merger transaction on December 17, 2018. The consideration comprises issuance of 30 million shares at a ratio of 1: 5.1440000. The transaction is subject to shareholder's approval of Daishin Balance 4th Special Purpose Acquisition Co., Ltd. and Softnyx Co., Ltd. The Board of Directors of Daishin Balance 4th Special Purpose Acquisition resolved the deal on December 17, 2018. Scheduled listing of new shares will be on May 31, 2019 and the transaction is expected to be completed on May 20, 2019. As of April 8, 2019, the general meeting of shareholders is expected to be held on July 3, 2019, the transaction is expected to close on August 5, 2019, and the new shares are scheduled to be listed on August 16, 2019. One Ji Accounting Group Llc acted as external rating institution in the transaction.