Pie Co., Ltd. agreed to acquire Hana Financial Twenty-five Special Purpose Acquisition Company (KOSDAQ:A435620) from Willcom Asset Management Co., Ltd. and others for KRW30 billion in reverse merger transaction on May 23, 2023. Pie Co., Ltd. signed an agreement to acquire Hana Financial Twenty-five Special Purpose Acquisition Company (KOSDAQ:A435620) from Willcom Asset Management Co., Ltd. and others for KRW34 billion in reverse merger transaction on October 31, 2023. Transaction is expected to complete on May 7, 2024.

Pie Co., Ltd. cancelled the acquisition of Hana Financial Twenty-five Special Purpose Acquisition Company (KOSDAQ:A435620) from Willcom Asset Management Co., Ltd. and others in reverse merger transaction on April 12, 2024. The transaction was discarded in shareholders meeting of Hana Financial Twenty-five Special Purpose Acquisition Company on April 12, 2024.