Sapien Semiconductors Inc. agreed to acquire Hana Must Seven Special Purpose Acquisition Company (KOSDAQ:A372290) from Must Ventures Co., Ltd. and others in a reverse merger transaction for KRW 1.1 billion on June 30, 2023. The merger ratio is 1: 0.1086420. As of November 23, 2023, the merger ratio updated to 1: 0.1119482. As of November 23, 2023, the merger ratio updated to 1: 0.1304648. Upon completion, Sapien Semiconductors Inc. will get listed on the KOSDAQ market. The merger date is December 15, 2023. As of October 20, 2023, the merger is expected to close on January 30, 2024.

Sapien Semiconductors Inc. completed the acquisition of Hana Must Seven Special Purpose Acquisition Company (KOSDAQ:A372290) from Must Ventures Co., Ltd. and others in a reverse merger transaction on January 24, 2024.