Coreline Soft, Co., Ltd. completed the acquisition of Shinhan 7th Special Purpose Acquisition Company in a reverse merger transaction.
September 17, 2023
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Coreline Soft, Co., Ltd. agreed to acquire Shinhan 7th Special Purpose Acquisition Company (KOSDAQ:A366330) for KRW 1.8 billion in a reverse merger transaction on March 17, 2023. When the merger between Coreline Soft, Co., Ltd. and Shinhan 7th Special Purpose Acquisition Company is completed, Coreline Soft, Co., Ltd. becomes a surviving corporation, and Shinhan 7th Special Purpose Acquisition Company becomes a extinguished corporation, The corporation, Coreline Soft, Co., Ltd., will have the effect of being listed on the KOSDAQ market. The transaction is expected to complete on August 8, 2023. As of May 26, 2023 transaction is expected to close on September 5, 2023.
Coreline Soft, Co., Ltd. completed the acquisition of Shinhan 7th Special Purpose Acquisition Company (KOSDAQ:A366330) in a reverse merger transaction on September 18, 2023.
CoreLine Soft Co Ltd is a Korea-based company principally engaged in the development and supply of medical software. The Company is principally engaged in the development and supply of artificial intelligence (AI) based medical image analysis software. The Company's main products are solutions that assist medical staff in diagnosis or support treatment and research by analyzing computed tomography (CT) images of the chest, head and neck.