WOOD SPAC ONE a.s. (SEP : WSO) agreed to acquire Footshop S.R.O. on April 13, 2023. Under the terms, WSO has reached an agreement with the existing owners of Footshop s.r.o. (?Footshop?), a leading online retailer of premium streetwear footwear and apparel in Central and Eastern Europe, based in the Czech Republic, to acquire up to 49% of the shares. WOOD SPAC One settled the transaction in which WSO's investors acquired a 48.5% stake in Footshop. Pending its completion, Thus the intention is that Footshop shall eventually merge into the Company, and the Combined Company will be named ?Footshop a.s.? and will trade publicly on Prague Stock Exchange under a new ticker symbol ?FOOT?. After the merger is completed, all shares of the target company will be publicly traded. As of May 16, 2023, The merger of WSO with Footshop s.r.o. ("Footshop") was approved by 78.2 percent of votes at the general meeting. The investors have thus given their formal approval to complete and settle the transaction, through which they will acquire 45 percent of the shares in the company.

The final phase of the transaction will now take place, and once the transaction is formally completed and settled, the merger of the two companies is expected to take place. This should happen during the summer of 2023. The transaction should be completed (i.e. Business Combination Completation Date should occur) by the end of June. Following the merger of the two companies, which is expected to take place on August 1, 2023. Oliver Polyák, Gerbrand ter Brugge and Ondrej Berka of Oaklins N.V. acted as financial advisor to WOOD SPAC.