INNO Instrument inc. signed a merger contract to acquire NH Special Purpose Acquisition 5 Co., Ltd. (KOSDAQ:A215790) in a reverse merger transaction on November 18, 2016. The consideration comprises issuance of 92.9 million shares of NH Special Purpose Acquisition 5 Co., Ltd. at a merger ratio of 1:68.3209068. As of January 16, 2017, the merger ratio was amended from 1:68.3209068 to 1:68.3204030. The merger is subject to approval of creditors, general meeting of shareholders of INNO Instrument inc. and NH Special Purpose Acquisition 5 Co., Ltd. The Board of Directors of NH Special Purpose Acquisition 5 Co., Ltd. resolved the transaction on November 18, 2016. On February 3, 2017, the transaction has been approved by shareholders of NH Special Purpose Acquisition 5 Co., Ltd. as well as approved by Hoon Kim and Sungil Ma as Internal Directors and Guntae Lee and Jonggil Park as External Directors and Kibum Bae as auditor of NH Special Purpose Acquisition 5 Co., Ltd. as on March 21, 2017. The transaction is expected to close on April 10, 2017. As per the amended terms, the transaction is now expected to complete on April 18, 2017. The transaction is expected to complete on April 24, 2017. The new stock will be listed on May 8, 2017. Induk Accounting Corporation acted as external rating institution. NH Special Purpose Acquisition 5 Co., Ltd. proposes name change to INNO Instrument Inc. due to merger. INNO Instrument inc. completed the acquisition of NH Special Purpose Acquisition 5 Co., Ltd. (KOSDAQ:A215790) in a reverse merger transaction on April 25, 2017. Post-closing, Bongil Cho, Chowon Lee, Yohwi Jin, Hoon Kim, Sungil Ma and Yangil Cho will be the largest shareholders of INNO Instrument, Inc. Byung-Hoon Lee have resigned as Chief Executive officer, Hyun-Cheol Jung and Kwang-Jae Cho have resigned as Directors of NH Special Purpose Acquisition 5 respectively. Hoon Kim has been appointed as the new Chief Executive officer of the INNO Instrument inc. The headquarters of NH Special Purpose Acquisition 5 will be relocated from 60, Yeoui-daero, Yeongdeungpo-gu, Seoul, Republic of Korea to 30, Songdomirae-ro, Yeonsu-gu, Incheon, Republic of Korea.