Neosem Inc. signed a contract to acquire Daishin Balance 3rd Special Purpose Acquisition Co., Ltd. (KOSDAQ:A253590) in a reverse merger transaction on August 29, 2018. The consideration comprises issuance of 42.55 million Daishin Balance's shares at a ratio of 1:24.1500000. The merger ratio was later revised to 1:156119048 and 27.51 million of Daishin Balance's shares will be issued. As of November 20, 2018, ratio was revised to 1:15.6819048 and 27.63 million Daishin Balance's shares will be issued. Post completion, Neosem Inc. will continue to do business and will be listed on KOSDAQ and Daishin Balance 3rd Special Purpose Acquisition will be dissolved. The combined entity will be known as Neosem Inc. The largest shareholder after the completion of the merger will be Donghyun Yeom, the Chief Executive Officer of Neosem Inc. and his expected equity ratio is 58.54%. The general meeting of shareholders of Daishin Balance 3rd Special Purpose Acquisition will be held on December 17, 2018. The Board of Directors of Daishin Balance 3rd Special Purpose Acquisition resolved the deal on August 29, 2018. As of December 17, 2018, deal is approved by the shareholders of Daishin Balance 3rd Special Purpose Acquisition. The deal is expected to close on January 21, 2019 and the scheduled listing of new shares is on January 30, 2019. The transaction is expected to be completed on January 19, 2019. Nexia-Samduk acted as external rating institution. Neosem Inc. completed the acquisition of Daishin Balance 3rd Special Purpose Acquisition Co., Ltd. (KOSDAQ:A253590) in a reverse merger transaction on January 19, 2019. Post Acquisition, Shin, Wooje resigned as External Director from Daishin Balance 3rd Special Purpose Acquisition Co., Ltd. due to merger of an SPC.