DNA Link, Inc. (KOSDAQ:A127120) agreed to acquire Entermedia Co.,Ltd. for KRW 4.9 billion on March 15, 2022. The transaction has been passed by the DNA Board's resolution. DNA Link, Inc. signed a merger agreement to acquire Entermedia Co.,Ltd. on March 16, 2022.

The merger ratio is 1:0.8180901 and 1.6 million new common shares will be issued. The transaction is expected to be approved by DNA shareholders on May 16, 2022, and is expected to complete on May 17, 2022. As of April 1, 2022, the transaction is expected to close on June 20, 2022.