Blitzway Co., Ltd. signed a contract to acquire Daishin Balance No.9 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A369370) from Alliance Capital Partners Co., Ltd. and others for KRW 76.2 billion in a reverse merger transaction on June 23, 2021. The merger ratio of 1:30.1355000 agreed upon by the Blitzway and Daishin. When the merger is competed Blitzway Co., Ltd has the effect of being listed on the KOSDAQ while maintaining the continuity of its business.

The transaction is subject to approval of shareholders of Daishin Balance. The transaction is expected to be closed on December 7, 2021.